Weekly SCRA records net purchase of Rs2.17bn

October 23, 2023 (MLN): The net purchase of securities for the week ended October 16, 2023, clocked in at Rs2.17 billion, as compared to a net purchase worth Rs119.07m recorded last week, according to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan on Friday.

The gross sale of securities during the week was recorded at Rs2.28bn, which is around 43.86% lower than the figures recorded last week.

While the total purchase of securities stood at Rs4.45bn, which is 6.52% higher than the prior week.

Over the week, the overall purchase of securities increased by Rs272.18m while the net sale of securities decreased by Rs1.78bn.

Apart from this, the inflow of remittance into these accounts stood at Rs3.01bn, while its outflow has been reported at Rs1.07bn.

The closing balance of SCRA was recorded at Rs25.07bn, which marks a decline of Rs55.52m over the week.

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