Weekly SCRA records net purchase of Rs1.88bn

December 01, 2023 (MLN): The net purchase of securities for the week ended November 24, 2023 clocked in at Rs1.88bn, as compared to a net purchase worth Rs2.8bn recorded last week, according to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan.

During the week, the gross sale of securities was recorded at Rs5.8bn, which is around 31.78% lower than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs7.68bn, which is 32.05% lower than the prior week, resulting in a net purchase of Rs1.88bn for the week.

Over the week, the overall purchase of securities decreased by Rs3.62bn while the net sale of securities decreased by Rs2.7bn.

Apart from this, the inflow of remittance into these accounts stood at Rs2.76bn, while its outflow has been reported at Rs2.06bn.

The closing balance of SCRA was recorded at Rs25.8bn, which marks a decline of Rs16.03m over the week.

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