Dollar loses 93 paisa against rupee in interbank trading, closes at Rs278.58

ISLAMABAD (APP) - Pakistani rupee on Thursday witnessed the 26th consecutive recovery session as it gained 93 paisa against the US dollar in the interbank trading and closed at Rs278.58 against the previous day’s closing of Rs279.51.

The selling rates of the dollar in the open market stood at Rs278.75.

The price of the Euro decreased by 38 paisa to close at Rs 295.93 against the last day’s closing of Rs296.31.

The Japanese Yen lost one paisa to close at Rs1.86, whereas a decrease of 53 paisa was witnessed in the exchange rate of the British pound, which traded at Rs342.62 as compared to the last closing of Rs343.15.

The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 25 and 26 paisa to close at Rs75.84 and Rs74.26 respectively.

Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend and gained 297.17 points, a positive change of 0.61 per cent, closing at 48,771.71 points against 48,474.54 points the previous day.

A total of 342,287,229 shares valuing Rs.11.735 billion were traded during the day as compared to 396,455,410 shares valuing Rs.10.529 billion the previous day.

As many as 322 companies transacted their shares in the stock market; 146 of them recorded gains and 160 sustained losses, whereas the share price of 16 companies remained unchanged.