PSX loses 85 points
The rupee continued to weaken against the dollar on Monday, falling by Rs1.64 in the interbank market.
The local currency closed at Rs229.82 per dollar, data shared by the State Bank of Pakistan (SBP) showed. This equates to a depreciation of 0.71 per cent.
Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Monday, losing 85.87 points, a negative change of 0.20 percent, closing at 41,862.29 against 41,948.16 points on the last working day. A total of 161,425,081 shares were traded during the day compared to 146,631,042 shares the previous day, whereas the price of shares stood at Rs.5.835 billion against Rs.7.131 billion on the last trading day.