Weekly SCRA records net purchase of Rs1.73bn

MG News | August 11, 2023 at 11:44 AM GMT+05:00

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August 11, 2023 (MLN): The gross sale of securities during the week was recorded at Rs2.8 billion, which is around 34.6% 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 (SBP) today.

Similarly, the total purchase of securities stood at Rs4.5bn, which is 25.5% higher than the prior week.

Consequently, the net purchase of securities for the week ended August 04, 2023, clocked in at Rs1.73bn, i.e. around Rs200.28 million higher than last week's numbers.

Over the week, the overall purchase of securities rose by Rs922.9mn while the net sale of securities increased by Rs722.62mn.

Apart from this, the inflow of remittance into these accounts stood at Rs1.89bn, while its outflow has been reported at Rs1.24bn.

The closing balance of SCRA was recorded at Rs26.25bn which marks a decline of Rs1.08bn over the week.

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