Weekly SCRA records net purchase of Rs21.67bn

June 14, 2024 (MLN): The net purchase of securities for the week ended June 07, 2024 clocked in at Rs21.67bn, as compared to a net purchase worth Rs32.89bn 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 Rs19.46bn, which is around 47.68% lower than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs41.13bn, which is 41.32% lower than the prior week, resulting in a net purchase of Rs21.67bn for the week.

Over the week, the overall purchase of securities decreased by Rs28.96bn while the net sale of securities decreased by Rs17.73bn.

Apart from this, the inflow of remittance into these accounts stood at Rs23.23bn, while its outflow has been reported at Rs8.55bn.

The closing balance of SCRA was recorded at Rs26.56bn, which marks a decline of Rs6.42bn over the week.

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