According to the details, in the open market, the US dollar has become thecheapest, reaching the lowest level of 277 rupees after a currencydevaluation. Since the economic crisis, the US dollar in the open markethas become 53 rupees cheaper, currently at 330 rupees.
Other currencies have also seen a decrease, with the Euro at 296 rupees(down 1 rupee), British Pound at 344 rupees (down 3 rupees), UAE Dirham at76.55 rupees (55 paise decrease), while the Saudi Riyal remains steady at74 rupees and 20 paise.
On the other hand, the Pakistani stock market is experiencing significantgrowth. The Pakistan Stock Exchange 100 Index reached its highest level inthe past 6 years after recording a significant increase on Friday.
Government measures and improvements in the value of the rupee have piquedthe interest of investors in the stock market.
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The 100 Index has seen a rapid increase of 721 points, reaching a level of49,493, which is a significant improvement from its level of 49,000 on July9, 2017. The 100 Index has achieved a 1.48% increase and returned to the49,493 level after six years.