During the first week of August, foreign investors purchased net securities worth Rs775.56 million, which was around Rs531.84 million lower than the preceding week’s number.
According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan (SBP), the gross sale of securities during the week was recorded at Rs3.6 billion, which is around 54.1% lower than the figures recorded last week. Similarly, the total purchase of securities stood at Rs4.4 billion, which is 52.2% lower than the prior week.
Over the week, the overall purchase of securities declined by Rs4.76 billion while the net sale of securities tumbled by Rs4.23 billion.
Apart from this, the inflow of remittance into these accounts stood at Rs1.85 billion, while its outflow has been reported at Rs1.34 billion.
The closing balance of SCRA was recorded at Rs29.18 billion, which marks a decline of Rs19.95 million over the week.