Gross sale of securities by foreign investors reached Rs. 12.8 billion

During the week ended December 18, 2020, the gross sale of securities by foreign investors reached Rs. 12.8 billion. This is nearly 96.2% higher compared to the figures from the past week.

It is also recorded that the total purchase of securities reached Rs. 14.8 billion during the same week, and shows a hype of 157.7% compared to the previous week.

The net result of the transactions resulted in the surplus of purchasing of securities for the week and reached Rs. 1.99 billion. However, during the past week, the account was in a net sale of Rs. 784.5 million.

According to a weekly report by the State Bank of Pakistan (SBP), over the week, the overall purchase of securities increased by Rs. 9.06 billion and the net sale of securities increased by Rs. 6.28 billion.

It is also informed that the inflow of remittance into these accounts stood at Rs. 6.42 billion, whereas the outflow is reported at Rs. 4.35 billion.

The closing balance of SCRA was Rs. 29.52 billion, showing an increase of Rs. 543.86 million over the week.