March 16, 2020 (MLN): There was a net outflow of $232.2 million from the local markets via Special Convertible Rupee Account on March 13, 2020, where majority of the selling by foreign investors was witnessed in T-bills.
According to the data released by the State Bank of Pakistan, the outflow of foreign currency from T-bills amounted to $222.2 million, while the outflow from equity markets totaled $5.8 million, causing the total outflow of foreign currency to reach $228 million.
On the other hand, the total inflow of foreign currency into local markets amounted to $4.8 million, that too in equities alone.
Is it pertinent to note that the inflow in T-Bills from July 2019 to date has been recorded at $3.43 billion, while the total outflow has been recorded at $1.32 billion.
The inflow of foreign currency in March 2020 alone stands at $36.2 million, out of which, $17.7 million has been attributed to Equity and $18.4 to T-bills.
On the other hand, the total outflow during the month amounts to $1.09 billion, wherein the equity accounts for $50.4 million and T-bills accounts for $1.02 billion.
Copyright Mettis Link News
33473
