US dollar loses value in interbank market against Pakistani Rupee
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KARACHI – The value of US dollar on Thursday, declined by 31 paisa against Pakistani rupee, in interbank market while by 50 paisa in open market.
After this decline, dollar value in interbank was recorded Rs123.40 while in open market it is RS121.50.
The dollar value today is traded around Rs 123.40.
Spreadbetters expected European stocks to open slightly higher, with Britain’s FTSE .FTSE seen rising 0.2 percent, Germany’s DAX .GDAXI adding 0.1 percent and France’s CAC .FCHI gaining 0.15 percent.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slid more than 1 percent to its lowest since August 2017, after bouncing 0.4 percent the previous day when the Turkish lira showed signs of stabilizing.
Hong Kong’s Hang Seng .HSI dropped 1.5 percent, reaching a near one-year low, and the Shanghai Composite Index .SSEC fell 1.3 percent. Signs of the world’s second-largest economy losing momentum and the ongoing Sino-U.S. trade conflict have weighed on Chinese equities.
“Investors tend to focus on negative aspects of listed companies’ first-half reports, as there is much pessimism and caution in a falling market,” said Linus Yip, a Hong Kong-based analyst at First Shanghai Securities.
