Pakistan Rupee continues to rise against US Dollar
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In Karachi, ARY News reported that the Pakistani rupee sustained its recovery against the US dollar in the interbank market on Wednesday. As per the State Bank of Pakistan (SBP), the PKR gained by Re0.12, closing at Rs285.39 in the interbank market.
Forex dealers indicated that the local currency was being traded at Rs286.50 in the open market. Last Friday, the rupee concluded at 285.52 against the US dollar.
Meanwhile, the benchmark index of the Pakistan Stock Exchange (PSX) continued its bullish trend, reaching a record high by surpassing the 61,000 mark on Wednesday. The KSE-100 index exhibited a trade volume increase of 601 points, reaching 61,331 at 10:20 am from the previous day's close of 60,730.
The day witnessed a total of 779,671,060 shares, valued at Rs 26.138 billion, being traded, compared to 657,580,760 shares, valued at Rs 20.272 billion, the previous day.
