ANL 13.55 Decreased By ▼ -0.79 (-5.51%)
ASC 13.32 Decreased By ▼ -0.63 (-4.52%)
ASL 14.02 Decreased By ▼ -1.08 (-7.15%)
BOP 8.36 Decreased By ▼ -0.16 (-1.88%)
BYCO 6.14 Decreased By ▼ -0.40 (-6.12%)
FCCL 17.61 Decreased By ▼ -1.19 (-6.33%)
FFBL 24.90 Decreased By ▼ -1.95 (-7.26%)
FFL 10.25 Decreased By ▼ -0.75 (-6.82%)
FNEL 9.80 Decreased By ▼ -0.71 (-6.76%)
GGGL 15.30 Decreased By ▼ -0.95 (-5.85%)
GGL 29.50 Decreased By ▼ -2.00 (-6.35%)
HUMNL 5.90 Decreased By ▼ -0.34 (-5.45%)
JSCL 16.00 Decreased By ▼ -0.89 (-5.27%)
KAPCO 32.05 Decreased By ▼ -1.05 (-3.17%)
KEL 3.17 Decreased By ▼ -0.10 (-3.06%)
MDTL 2.21 Decreased By ▼ -0.06 (-2.64%)
MLCF 34.39 Decreased By ▼ -2.71 (-7.3%)
NETSOL 95.50 Decreased By ▼ -7.30 (-7.1%)
PACE 4.25 Decreased By ▼ -0.43 (-9.19%)
PAEL 21.43 Decreased By ▼ -1.72 (-7.43%)
PIBTL 7.60 Decreased By ▼ -0.26 (-3.31%)
POWER 6.60 Decreased By ▼ -0.45 (-6.38%)
PRL 12.69 Decreased By ▼ -0.97 (-7.1%)
PTC 8.75 Decreased By ▼ -0.15 (-1.69%)
SILK 1.25 Decreased By ▼ -0.06 (-4.58%)
SNGP 38.68 Decreased By ▼ -3.02 (-7.24%)
TELE 15.88 Decreased By ▼ -1.11 (-6.53%)
TRG 81.73 Decreased By ▼ -6.02 (-6.86%)
UNITY 23.70 Decreased By ▼ -1.65 (-6.51%)
WTL 2.05 Decreased By ▼ -0.15 (-6.82%)
BR100 4,401 Decreased By ▼ -269.99 (-5.78%)
BR30 17,494 Decreased By ▼ -1340.29 (-7.12%)
KSE100 43,234 Decreased By ▼ -2134.99 (-4.71%)
KSE30 16,698 Decreased By ▼ -877.9 (-4.99%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,745
824hr
Pakistan Cases
1,285,631
37724hr
0.85% positivity
Sindh
476,017
Punjab
443,240
Balochistan
33,488
Islamabad
107,765
KPK
180,146

KARACHI: Last week, Pakistan currency markets remained open for three out of five days on account of Ashura holidays. Over those three days, PKR recorded mixed movements where it even went in opposite direction against USD in interbank and open markets.

However, it ended the week with a net loss against USD in both interbank and open markets. The loss in interbank market was relatively less than that in open market and was also lower than the loss recorded a week before. Against euro in open market; any gains were again balanced by losses throughout the week resulting in a zero net weekly change for third consecutive week. The global currency markets started last week with weaker dollar after a study showed US consumer confidence to be sliding thus lowering expectations of Federal Reserve tightening the monetary policy. However, over the week, dollar cashed in on its safe haven attribute and recovered as fears of rising Covid Delta variant took hold of market sentiments.

INTER-BANK MARKET RATES: In the interbank market, the rupee overall lost 10 paisas for both buying and selling against USD over the week closing at 164.10 and 164.20, respectively.

OPEN MARKET RATES: In the open market, PKR overall lost 50 paisas for buying and 30 paisas for selling over the week closing at 164.30 and 164.60, respectively. Against euro, PKR remained unchanged for third consecutive week closing at 191 and 192.50 respectively.

Against UAE dirham, PKR recorded net loss of 30 paisas for buying and 25 paisas for selling closing at 44.70 and 44.85 respectively.

Against Saudi riyal, PKR overall lost 15 paisas for buying and 10 paisas for selling closing at 43.55 and 43.70, respectively.

========================================

Weekly Interbank market rates for dollar

Bid Close Rs. 164.10

Offer Close Rs. 164.20

Bid Open Rs. 164.00

Offer Open Rs. 164.10

Weekly Open market rates for dollar

Bid Close Rs. 164.30

Offer Close Rs. 164.60

Bid Open Rs. 163.80

Offer Open Rs. 164.30

========================================

Copyright Business Recorder, 2021

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.