Weekly SCRA observes net sales of Rs439mn

MG News | July 05, 2023 at 02:41 PM GMT+05:00

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July 05, 2023 (MLN): The gross sale of securities during the week was recorded at Rs1.8 billion, which is around 52.7% lower than the figures recorded last week, according to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan (SBP) today.

Similarly, the total purchase of securities stood at Rs1.3bn, which is 64.5% lower than the prior week.

Consequently, the net sale of securities for the week ended June 23, 2023, clocked in at Rs439.08 million, i.e. around Rs438.73mn lower than last week's numbers.

Over the week, the overall purchase of securities declined by Rs2.41bn while the net sale of securities tumbled by Rs1.97bn.

Apart from this, the inflow of remittance into these accounts stood at Rs302.53mn, while its outflow has been reported at Rs1.7bn.

The closing balance of SCRA was recorded at Rs26.18bn, which marks a decline of Rs228.27mn over the week.

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