Weekly SCRA records net sale of Rs532m

MG News | November 14, 2023 at 02:50 PM GMT+05:00

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November 14, 2023 (MLN): The net sale of securities for the week ended November 03, 2023 clocked in at Rs531.7m, as compared to a net purchase worth Rs1.36bn 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 Rs2.08bn, which is around 10.78% lower than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs1.55bn, which is 58.04% lower than the prior week, resulting in a net sale of Rs531.7m for the week.

Over the week, the overall purchase of securities decreased by Rs2.14bn while the net sale of securities decreased by Rs251.03m.

Apart from this, the inflow of remittance into these accounts stood at Rs613.38m, while its outflow has been reported at Rs1.79bn.

The closing balance of SCRA was recorded at Rs25.39bn, which marks a rise of Rs129.91m over the week.

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