Dollar Rate Today In Pakistan
Rupee closes at Rs175.86 against US dollar in interbank market.
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| Dollar Rate And Stock Market News Today In Pakistan 2022 |
Inversion returns on of extending current record shortage.
Pakistani rupee has devalued by 11.62% since July 1, 2021.
KARACHI: Despite mediation from the State Bank of Pakistan (SBP), the rupee shut imperceptibly lower in the between bank market on Friday with an augmenting import/export imbalance proceeding to negatively affect the money.
As per information delivered by the national bank, the nearby money shut at Rs175.86 against the US dollar in the interbank market.
The inversion returns on the of broadening current record deficiency and rising oil costs in the global business sectors, raising worries of a spike in import figures.
With the new decrease of 0.27%, the Pakistani rupee has devalued by 11.62% (or Rs18.32) since the beginning of the current monetary year on July 1, 2021, information delivered by the national bank uncovered.
The rupee had kept a descending pattern for the beyond nine months. It has lost 15.49% (or Rs23.59) until this point, contrasted with the record high of Rs152.27 recorded in May 2021.
On Thursday, the national bank led an Open Market Operation, Reverse Repo Purchase (Injection) to settle the rupee-dollar equality.
It is appropriate to specify here that this was not interestingly that the national bank has siphoned cash into the between bank market to misleadingly shield the rupee.
KSE-100 file sheds 243.70 focuses to settle at 45,441.10.
Benchmark file burned through the greater part of the day in the red zone.
Rising oil based commodity costs, broadening import/export imbalance ignited feelings of dread of expansion in expansion.
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| Dollar Rate And Stock Market News Today In Pakistan 2022 |
KARACHI: The Pakistan Stock Exchange (PSX) went under selling strain on Thursday as financial backers followed the horrid corporate procuring declarations, which marked financial backers feeling.
Additionally, rising oil based good costs and extending import/export imbalance ignited feelings of dread of expansion in expansion in the country following ascent in costly imports.
The benchmark KSE-100 list burned through a large portion of the day in the red zone and finished with a drop of almost 250 places.
Pakistan values started the day on a negative note in the background of beneath assumption corporate declaration. At first, Engro Corporation declared the profit for CY21 where organization reported Re1 payout against the road assumption for Rs4-5.
Besides, the news stream in regards to resumption in Russia-Ukraine pressure additionally decayed financial backers' feeling which set off selling in all cases.
At the nearby, the benchmark KSE-100 record sheds 243.70 focuses, or 0.53%, to settle at 45,441.10 places
Portions of 348 organizations were exchanged during the meeting. At the end of exchanging, 99 scrips shut in the green, 229 losing money, and 20 stayed unaltered.
Generally exchanging volumes rose to 152.9 million offers contrasted and Wednesday's count of 145.3 million. The worth of offers exchanged during the day was Rs4.77 billion.
WorldCall Telecom Limited was the volume chief with 16.15 million offers exchanged, losing Rs0.06 to close at Rs1.96. It was trailed by Hum Network Limited with 14.43 million offers exchanged, losing Rs0.24 to close at Rs7.26, and Telecard Limited with 10.46 million offers exchanged, losing Rs0.68 to close at Rs16.10.
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