In Karachi, ARY News reported that the Pakistani rupee sustained itsrecovery against the US dollar in the interbank market on Wednesday. As perthe State Bank of Pakistan (SBP), the PKR gained by Re0.12, closing atRs285.39 in the interbank market.
Forex dealers indicated that the local currency was being traded atRs286.50 in the open market. Last Friday, the rupee concluded at 285.52against the US dollar.
Meanwhile, the benchmark index of the Pakistan Stock Exchange (PSX)continued its bullish trend, reaching a record high by surpassing the61,000 mark on Wednesday. The KSE-100 index exhibited a trade volumeincrease of 601 points, reaching 61,331 at 10:20 am from the previous day’sclose of 60,730.
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The day witnessed a total of 779,671,060 shares, valued at Rs 26.138billion, being traded, compared to 657,580,760 shares, valued at Rs 20.272billion, the previous day.