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Home Uncategorized

US dollar declines slightly against Pakistani rupee

Salima Bhutto by Salima Bhutto
October 25, 2019
Reading Time: 1 min read

KARACHI: The US dollar declined by 3 paisa against the Pakistan rupee in the interbank market today on Friday.
The greenback recorded a 3 paisa reduction in it’s worth against the Pakistani rupee, falling from the prior value of Rs 155.88 to Rs 155.85.
Earlier on Thursday, Pakistan Stock Exchange (PSX) observed a bullish trend as KSE-100 Index closed at 33762.48 points with a positive change of 322 points.
Read also: IMF, World Bank assure continued support to Pakistan’s economy
A total of 353 companies transacted shares in the Stock Market on Friday.
Out of which 214 recorded gain and 115 sustained losses whereas the share price of 24 companies remained unchanged.
Read also: Power tariff likely to be increased by Rs2.97PU
The PSX on Tuesday gained 240.73 points and closed at 33439. The State Bank of Pakistan (SBP)’s stocks increased by $79 million to $7.89 billion.
The SBP net reserves increased by $79 million to $7.89 billion during the week ending 18th October.
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