Rupee trades at 232.36 against USD PSX loses 83 points

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The Pakistani rupee continued its uptrend for the fourth consecutive working day, gaining a fresh Rs1.55 to a new two-week high of Rs232.36 against the US dollar around midday on Wednesday.

With the latest recovery of Rs1.55, the domestic currency has regained Rs7.35 in the past four successive working days. Earlier, it had dropped by around 12% (Rs 25) in 15 consecutive working days till last week to a low of Rs239.71.

Moreover The 100-index of the Pakistan Stock Exchange (PSX) lost 83.10 points on Wednesday, a slight negative change of 0.2 percent, closing at 41,435.13 against 41,518.23 points on the last working day.

A total of 220,560,663 shares were traded during the day compared to 230,658,574 shares the previous day.

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