Outflow of $7.5 mn from SCRA amid security fears

Outflow of $7.5 mn from SCRA amid security fears
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Summary

Foreign investors continued selling shares in Pakistani stock markets this week amid deteriorating law and order situation.According to State Bank of Pakistan foreign investors withdrew $7.5 million from Special Convertible Rupee Account (SCRA) during last business week. In contrast, buying of $5.8 million by mutual funds, who took advantage of attractive share prices, was recorded. Banks, companies and individual investors also were seen interested in buying.
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