Rupee gains Rs1.24 paisa against US dollar, closes at Rs286.50

ISLAMABAD (APP) - Pakistani rupee on Monday witnessed the 19th consecutive recovery session as it gained Rs1.24 against the US dollar in the interbank trading and closed at Rs286.50 against the previous day’s closing of Rs287.73.

In the open market, rupee gained Rs1 and it was sold at Rs287.

The price of the Euro increased 46 paisa to close at Rs302.90 against the last day’s closing of Rs302.44. The Japanese Yen came down by 01 paisa to close at Rs1.91, whereas a decrease of 36 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs349.50 as compared to the last closing of Rs349.86.

The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 26 paisa each to close at Rs78.07 and Rs76.45 respectively.

Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 394.49 points, showing positive change of 0.85 per cent, closing at 46,627.08 points against 46,232.59 points the previous day.

A total of 202,598,801 shares valuing Rs.7.404 billion were traded during the day as compared to 177,617,061 shares valuing Rs.6.932 billion the previous day. As many as 330 companies transacted their shares in the stock market; 166 of them recorded gains and 144 sustained losses, whereas the share price of 20 companies remained unchanged.