Weekly SCRA records net purchase of Rs536.4m

MG News | August 26, 2024 at 12:50 PM GMT+05:00

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August 26, 2024 (MLN): The net purchase of securities for the week ended August 16, 2024 clocked in at Rs536.37m, as compared to a net sale worth Rs22.76bn 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 Rs7.4bn, which is around 79.29% lower than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs7.94bn, which is 38.83% lower than the prior week, resulting in a net purchase of Rs536.37m for the week.

Over the week, the overall purchase of securities decreased by Rs5.04bn while the net sale of securities decreased by Rs28.33bn.

Apart from this, the inflow of remittance into these accounts stood at Rs1.28bn, while its outflow has been reported at Rs7.75bn.

The closing balance of SCRA was recorded at Rs25.76bn, which marks a decline of Rs7.01bn over the week.

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