Weekly SCRA records net sale of Rs3.84bn

MG News | February 15, 2024 at 12:05 PM GMT+05:00

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February 15, 2024 (MLN): The net sale of securities for the week ended February 08, 2024 clocked in at Rs3.84bn, as compared to a net purchase worth Rs6.81bn 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 Rs25.47bn, which is around 106.23% higher than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs21.62bn, which is 12.85% higher than the prior week, resulting in a net sale of Rs3.84bn for the week.

Over the week, the overall purchase of securities increased by Rs2.46bn while the net sale of securities increased by Rs13.12bn.

Apart from this, the inflow of remittance into these accounts stood at Rs7.31bn, while its outflow has been reported at Rs12.13bn.

The closing balance of SCRA was recorded at Rs24.79bn, which marks a decline of Rs949.97m over the week.

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