Karachi: The Pakistani rupee saw a slight depreciation of 9 paisa against the US dollar in Thursday’s interbank trading, closing at Rs278.64 compared to the previous day’s rate of Rs278.55.
In the open market, according to the Forex Association of Pakistan (FAP), the dollar was being bought at Rs278.20 and sold at Rs279.70.
Meanwhile, the value of the Euro dropped by Rs1.20, settling at Rs288.88, down from Rs290.08 the previous day, as reported by the State Bank of Pakistan (SBP).
The Japanese yen fell by 1 paisa, closing at Rs1.77, while the British pound saw a decrease of 82 paisas, closing at Rs348.88, compared to Rs349.70 on the last trading day.
On the other hand, the Pakistan Stock Exchange (PSX) managed to close with a modest gain after a volatile session on Thursday.
The KSE-100 index rose by 111.57 points, or 0.10%, ending at 117,119 points, up from the previous day’s close of 117,008 points.
Analysts at Topline Securities noted, “The market experienced a volatile trading session, with the index fluctuating sharply between an intraday high of 1,359 points and a low of 150 points”, adding that “investors appeared to capitalize on the heightened market activity, opting to book profits after recent gains”.
“This led to mixed sentiment across sectors, with select stocks facing selling pressure while others managed to sustain upward momentum”, they further stated.
The day saw a total of 1.03 billion shares traded, an increase from the previous day’s turnover of 956.3 million.
The total value of shares traded stood at Rs46.57 billion, slightly up from Rs46.44 billion on the prior trading day.
Out of 464 active companies, 193 saw their stock prices rise, 225 faced losses, and 46 companies saw no change in their share prices.
