PKR rises 68 paise against dollar

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PSX loses 157 points

The Pakistani rupee (PKR) gained 68 paise against the US dollar in the interbank market on Tuesday.

The State Bank of Pakistan said the local currency closed at Rs219.73 per dollar, an appreciation of 68 paise or 0.31 per cent over yesterday’s close of Rs220.41.

Analysts attributed this change to expected inflows of $1.5 billion after Pakistan signed a loan agreement with the ADB for budgetary support and help in flood-related rehabilitation and reconstruction activities.

Meanwhile, the 100-index of the Pakistan Stock Exchange (PSX) Tuesday lost 157.20 points, a negative change of 0.37 percent, closing at 42,190.03 against 42,347.23 points on the last working day.

A total of 195,400,685 shares were traded during the day as compared to 226,743,189 shares the previous day, whereas the price of shares stood at Rs 6.242 billion against Rs6.052 billion on the last trading day. Some 334 companies transacted their shares in the stock market, 96 of them recorded gains, and 208 sustained losses, whereas the share price of 30 companies remained unchanged.

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