Weekly SCRA records net purchase of Rs254m

MG News | August 18, 2023 at 06:07 PM GMT+05:00

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August 18, 2023 (MLN): According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.4.7 billion, which is around 68.2 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.5 billion, which is 9.8 percent higher than the prior week.

Consequently, the net purchase of securities for the week ended August 11, 2023 clocked in at Rs.253.66 million, i.e. around Rs.1.47 billion lower than last week's numbers.

Over the week, the overall purchase of securities rose by Rs.445.33 million while the net sale of securities increased by Rs.1.92 billion.

Apart from this, the inflow of remittance into these accounts stood at Rs.3.17 billion, while its outflow has been reported at Rs.3.2 billion.

The closing balance of SCRA was recorded at Rs.26.12 billion, which marks a decline of Rs.125.15 million over the week.

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