SCRA position improves by Rs.1.375 Billion

December 06, 2019 (MLN): Foreign investors continued to be net buyers for the seventh successive week as the total purchase of securities during the week via Special Convertible Rupee Account (SCRA) outstripped total sale by around Rs. 7.04 billion as on November 29, 2019.

According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.18.8 billion, which is around 64.2 percent lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.25.8 billion, which is 74.8 percent lower than the prior week.

Consequently, the net purchase of securities for the week ended November 29, 2019 clocked in at Rs.7.04 billion, i.e. around Rs.42.81 billion lower than last week's numbers.

Over the week, the overall purchase of securities declined by Rs.76.4 billion while the net sale of securities tumbled by Rs.33.59 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.10.89 billion, while its outflow has been reported at Rs.3.8 billion.

The closing balance of SCRA was recorded at Rs.29.83 billion, which marks a rise of Rs.1.38 billion over the week.

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