Sale of securities by overseas investors shoots up 8.86x during the week

November 02, 2020 (MLN): The gross sale of securities by foreign investors during the week ended October 23, 2020, was recorded at Rs. 93.1 billion, which is around 866.7 percent higher than the figures recorded last week.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the total purchase of securities stood at Rs.56.1 billion, which is 723.8 percent higher than the prior week.

Consequently, the net sale of securities for the week clocked in at Rs.37.06 billion, i.e. around Rs.34.23 billion lower than last week's numbers.

Over the week, the overall purchase of securities rose by Rs.49.27 billion while the net sale of securities increased by Rs.83.5 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.1.07 billion, while its outflow has been reported at Rs.39.32 billion.

The closing balance of SCRA was recorded at Rs.28.57 billion, which marks a decline of Rs.5.7 million over the week.

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