The US dollar depreciated by 55 paise against the rupee in the interbank market and by 20 paise in the open market.
Karachi, The US dollar depreciated by 55 paise against the rupee in the interbank market and by 20 paise in the open market. According to a report by the Forex Association of Pakistan, the dollar depreciated by 55 paise in the interbank market on Friday, reducing the buying price of the dollar from Rs 167.75 to Rs 167.20 and the selling price from Rs 168.05 to Rs 167.50. In the open currency market, the dollar depreciated by 20 paise to Rs 167.20 from Rs 167.40 and from Rs 167.90 to Rs 167.70.
In other currencies, the euro traded higher from Rs 190.50 to Rs 191, and the selling price rose from Rs 192.50 to Rs 193, while the British pound traded flat at Rs 209.50 and the selling price remained stable at Rs 211.50. The selling price remained unchanged at Rs 44.40 while the UAE dirham had a buying price of Rs 44.90, a selling price of Rs 45.50, and a selling price of Rs 45.40.
The Pakistan Stock Exchange (PSE) witnessed a bullish trend on Friday, the last day of the trading week, as a result of which the KSE-100 Index rose by 29.41 points to close at 37607.62 points while the share prices of 53.88% companies declined. The working value decreased by Rs. 11.89 billion.
Yesterday’s trading started in the positive zone, and the KSE-100 index reached a high of 37863 points due to keen interest from investors in the early hours of the day. The Sensex recovered by 29.41 points to close at C37607.62 points while the KSE 30 Index closed at C16315.36 points, up 27.92 points. However, the KSE All Shares Index fell by 43.24 points to 26719.32 points.
A total of 373 stocks were traded on the day, with C158 stocks gaining Rs 201 and stocks of 14 stocks stabilizing. Atlas Honda’s shares rose by Rs 23.41 to Rs 405.91 and Thal Industries Corporation’s by Rs 17.05 to Rs 278. Shares of SAP Higher Tax fell by Rs 69.99 to Rs 900 from Rs 9230.