Rupee gains 43 paisas against dollar in interbank, closes at Rs283.46

ISLAMABAD (APP) - Pakistani rupee gained 43 paisas against the dollar in the interbank trading on Thursday and closed at Rs 283.46 against the previous day’s closing of Rs 283.89.

According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs 287.5 and Rs 290, respectively.

The price of the Euro decreased by 83 paisas to close at Rs 310.60 against the last day’s closing of Rs 311.43, according to the State Bank of Pakistan (SBP). The Japanese Yen remained unchanged and stood at Rs 2.10; whereas a decrease of Rs 1.71 was witnessed in the exchange rate of the British Pound, which traded at Rs 352.23 as compared to its last day’s closing of Rs 353.94.

The exchange rate of the Emirates Dirham and Saudi Riyal went down by 12 paisas and 09 paisas; closing at Rs77.18 and Rs 75.58, respectively.

Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend, gaining 508.48 points, with a positive change of 1.26 per cent, closing at 41,007.82 against 40,499.34 points on the previous day.

A total of 173,790,631 shares were traded during the day as compared to 84,164,030 shares the previous day, whereas the price of shares stood at Rs 5.724 billion against Rs 3.628 billion on the last trading day.