Weekly SCRA records net purchase of Rs1.91bn

March 07, 2024 (MLN): The net purchase of securities for the week ended February 29, 2024 clocked in at Rs1.91bn, as compared to a net sale worth Rs53.12m 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 Rs3.56bn, which is around 54.94% higher than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs5.47bn, which is 143.47% higher than the prior week, resulting in a net purchase of Rs1.91bn for the week.

Over the week, the overall purchase of securities increased by Rs3.22bn while the net sale of securities increased by Rs1.26bn.

Apart from this, the inflow of remittance into these accounts stood at Rs3.02bn, while its outflow has been reported at Rs795.17m.

The closing balance of SCRA was recorded at Rs24.14bn, which marks a decline of Rs19.52m over the week.

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