Weekly SCRA records Rs159m sale

MG News | September 23, 2024 at 12:18 PM GMT+05:00

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September 23, 2024 (MLN): The net sale of securities for the week ended September 13, 2024 clocked in at Rs158.99m, as compared to a net purchase worth Rs7.07 billion 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 Rs7.95bn, which is around 52.13% lower than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs7.79bn, which is 67.1% lower than the prior week, resulting in a net sale of Rs158.99m for the week.

Over the week, the overall purchase of securities decreased by Rs15.89bn while the net sale of securities decreased by Rs8.66bn.

Apart from this, the inflow of remittance into these accounts stood at Rs3.64bn, while its outflow has been reported at Rs4.84bn.

The closing balance of SCRA was recorded at Rs25.89bn, which marks a decline of Rs207.74m over the week.

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