MM News
Wednesday 29th November 2023 / 16 Jamadilawal 1445

Pakistani rupee gains against US dollar

KARACHI: After days of losing streak, the Pakistani rupee on Monday gained against the United States (US) dollar in the interbank, giving a positive signal about the stabilisation of the exchange rate.

According to foreign currency dealers, the US dollar is trading at Rs183.20 after depreciating Rs1.83 against the local currency in early trade.

In the open market, the dollar is trading at over Rs185.

Read more: Pakistan’s exports to China over $67m in first two months of year

On the other hand, the Pakistan Stock Exchange (PSX) continued to rally after KSE-100 index witnessed an increase of 1450 points on Monday morning as country is set to elect a new prime minister with Opposition candidate Shehbaz Sharif having a clear majority in the National Assembly.

The KSE-100 index traded crossed the 45,000 mark today and traded at 45,894 point at the beginning of the day. The PSX began the trading with 1300 points up.

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