Weekly SCRA records Rs6.17bn purchase

MG News | December 06, 2024 at 12:35 PM GMT+05:00

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December 06, 2024 (MLN): The net purchase of securities for the week ended November 29, 2024 clocked in at Rs6.17bn, as compared to a net sale worth Rs10.1bn recorded last week, data released by the State Bank of Pakistan showed.

This marks the first net purchase made by foreign investors after three consecutive weeks of net selling.

During the week, the gross sale of securities was recorded at Rs67.91bn, which is around 69.97% higher than the figures recorded last week.

Similarly, the total purchase of securities stood at Rs74.08bn, which is 148.13% higher than the prior week, resulting in a net purchase of Rs6.17bn for the week.

Over the week, the overall purchase of securities increased by Rs44.23bn while the net sale of securities increased by Rs27.96bn.

Apart from this, the inflow of remittance into these accounts stood at Rs32.51bn, while its outflow has been reported at Rs23.43bn.

The closing balance of SCRA was recorded at Rs32.41bn, which marks a rise of Rs3.58bn over the week.

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