Weekly SCRA records net sale of Rs221m

MG News | November 20, 2023 at 05:07 PM GMT+05:00

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November 20, 2023 (MLN): The net sale of securities for the week ended November 10, 2023 clocked in at Rs221m, as compared to a net sale worth Rs532m 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 Rs6.49bn, which is around 3.12x higher than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs6.27bn, which is 4.06x higher than the prior week, resulting in a net sale of Rs221m for the week.

Over the week, the overall purchase of securities increased by Rs4.72bn while the net sale of securities increased by Rs4.41bn.

Apart from this, the inflow of remittance into these accounts stood at Rs802m, while its outflow has been reported at Rs1.54bn.

The closing balance of SCRA was recorded at Rs25.32bn, which marks a decline of Rs68m over the week.

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