SCRA observes net purchase for the eleventh consecutive week

September 16, 2019 (MLN): The overseas investors continued to display preference towards local equity markets for the week ended September 6, 2019, which is also entirely in line with the behavior being exhibited by local investors.

According to a weekly report on SCRA released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.7.2 billion, which is around 40.1 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.7.3 billion, which is 59.8 percent lower than the prior week.

Consequently, the net purchase of securities for the week ended September 06, 2019 clocked in at Rs.45.95 million, i.e. around Rs.5.98 billion lower than last week's numbers.

Over the week, the overall purchase of securities declined by Rs.10.82 billion while the net sale of securities tumbled by Rs.4.84 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.2.75 billion, while its outflow has been reported at Rs.1.96 billion.

The closing balance of SCRA was recorded at Rs.28.4 billion, which marks a rise of Rs.840.3 million over the week.

Copyright Mettis Link News

Posted on: 2019-09-16T18:05:00+05:00

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