Tuesday, December 5, 2023

Dollar loses Rs1.74 against rupee in interbank, reaches at Rs267.89

Dollar loses Rs1.74 against rupee in interbank, reaches at Rs267.89
January 31, 2023 Web Desk

ISLAMABAD (APP) - The exchange rate of the Pakistani rupee appreciated by Rs1.74 against the US dollar in the interbank trading on Tuesday and closed at Rs267.89 against the previous day’s closing of Rs269.63.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were recorded at Rs270 and Rs272.70, respectively.

The price of the euro depreciated by Rs2.19 and closed at Rs290.52 against the previous day’s closing of Rs292.71, according to the State Bank of Pakistan (SBP). The Japanese yen decreased by 02 paisa to close at Rs2.05, whereas a decrease of Rs2.98 was witnessed in the exchange rate of the British pound, which was traded at Rs330.83 as compared to its last closing of Rs333.81.

The exchange rates of the Emirates dirham and Saudi riyal increased by 44 paisa and 53 paisa to close at Rs71.38 and Rs72.93 respectively.

The 100-index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Tuesday, gaining 801.79 points, a positive change of 2.01 percent, closing at 40,673.06 against 39,871.27 points the previous day.

A total of 153,324,094 shares were traded during the day as compared to 140,465,951 shares the previous day, whereas the price of shares stood at Rs 7.441 billion against Rs 5.458 billion on the last trading day.

As many as 328 companies transacted their shares in the stock market; 217 of them recorded gains and 89 sustained losses, whereas the share price of 22 companies remained unchanged.