Overseas investors purchased net securities worth Rs.1.31 billion during the week ended July 30, 2021, whereas last week, the accounts observed a net sale of Rs.4.67 billion.
According to a weekly report on Specially Convertible Rupee Accounts (SCRA) released by the State Bank of Pakistan, the gross sale of securities during the week was recorded at Rs.7.8 billion, which is around 21.9 percent higher than the figures recorded last week. Similarly, the total purchase of securities stood at Rs.9.1 billion, 424.5 percent higher than the prior week.
Over the week, the overall purchase of securities rose by Rs.7.38 billion, while the net sale of securities increased by Rs.1.4 billion.
Apart from this, the remittance inflow into these accounts stood at Rs.3.92 billion, while its outflow has been reported at Rs.3.35 billion.
The closing balance of SCRA was recorded at Rs.29.2 billion, which marks a decline of Rs.181.67 million over the week.