PKR jumps by Rs1.16 in interbank PSX witnesses bullish trend, gains 83 points

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The Pakistani rupee continued its upward momentum on Monday, rising by Rs1.16 against the dollar in the interbank market.

The PKR closed at Rs227.29 per dollar, an appreciation of 0.51 per cent from Friday’s close of Rs228.45, according to the State Bank of Pakistan.

Exchange Companies Association of Pakistan (Ecap) General Secretary Zafar Paracha said it was a welcome sign that the rupee was making gradual gains.

Morover the 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 83.03 points, a positive change of 0.20 percent, closing at 41,211.70 against 41,128.67 points on the last working day.

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