AGL 40.10 Decreased By ▼ -0.90 (-2.2%)
AIRLINK 127.70 Decreased By ▼ -0.44 (-0.34%)
BOP 6.61 Decreased By ▼ -0.09 (-1.34%)
CNERGY 4.49 Decreased By ▼ -0.03 (-0.66%)
DCL 8.50 Decreased By ▼ -0.11 (-1.28%)
DFML 41.60 Increased By ▲ 0.51 (1.24%)
DGKC 86.31 Decreased By ▼ -0.82 (-0.94%)
FCCL 32.20 Decreased By ▼ -1.19 (-3.56%)
FFBL 65.25 Decreased By ▼ -0.16 (-0.24%)
FFL 10.25 Decreased By ▼ -0.22 (-2.1%)
HUBC 110.17 Decreased By ▼ -0.46 (-0.42%)
HUMNL 14.80 Decreased By ▼ -0.50 (-3.27%)
KEL 5.07 Increased By ▲ 0.09 (1.81%)
KOSM 7.15 Decreased By ▼ -0.28 (-3.77%)
MLCF 41.66 Decreased By ▼ -1.33 (-3.09%)
NBP 60.00 Decreased By ▼ -0.42 (-0.7%)
OGDC 194.85 Decreased By ▼ -2.79 (-1.41%)
PAEL 27.78 Decreased By ▼ -1.23 (-4.24%)
PIBTL 7.99 Decreased By ▼ -0.27 (-3.27%)
PPL 151.50 Decreased By ▼ -2.66 (-1.73%)
PRL 26.52 Increased By ▲ 1.52 (6.08%)
PTC 15.86 Decreased By ▼ -0.23 (-1.43%)
SEARL 78.95 Increased By ▲ 0.50 (0.64%)
TELE 7.44 Increased By ▲ 0.07 (0.95%)
TOMCL 35.80 Decreased By ▼ -0.29 (-0.8%)
TPLP 7.94 Decreased By ▼ -0.13 (-1.61%)
TREET 15.84 Decreased By ▼ -0.12 (-0.75%)
TRG 52.60 Decreased By ▼ -0.76 (-1.42%)
UNITY 26.79 Increased By ▲ 0.08 (0.3%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 9,902 Decreased By -70.6 (-0.71%)
BR30 30,710 Decreased By -387.3 (-1.25%)
KSE100 93,239 Decreased By -409.1 (-0.44%)
KSE30 28,879 Decreased By -138.4 (-0.48%)

KARACHI: PKR went through a series of up-down movements last week with no clear definite direction. It even moved in opposite directions against USD in interbank and open markets for a couple of days. The upward movement during the week was brought on primarily by positive sentiments that prevailed in the market after a staff level agreement was announced with IMF regarding Extended Fund Facility (EFF) last Monday.

However that positivity proved short lived and PKR started to fall again after two days. Advisor to PM on Finance, Shaukat Tarin again pointed to speculators as a factor behind continued devaluation of PKR last Friday. He stated that based on Real Effective Exchange, PKR should be around 165-167 mark against USD and thus was optimistic that it will reverse course amid measures taken by the government.

INTER-BANK MARKET RATES: In the interbank market, Pakistan Rupee overall lost 20 paisas for buying and 30 paisas for selling against USD over the week; closing at 175.30 and 175.50 respectively.

OPEN MARKET RATES: In the open market, PKR lost 2 rupees for both buying and selling over the week closing at 178 and 179 respectively.

Against Euro, PKR lost 1 rupee for buying and 1.50 rupees for selling over the week closing at 198 and 200 respectively.

Against UAE Dirham, PKR recorded net loss of 1 rupee for buying and 90 paisas for selling closing at 50.30 and 50.70 respectively.

Against Saudi Riyal, PKR overall lost 60 paisas for buying and 70 paisas for selling closing at 47 and 47.40 respectively.

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

Weekly Interbank market rates for dollar

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

Bid Close Rs.175.30

Offer Close Rs.175.50

Bid Open Rs.175.10

Offer Open Rs.175.20

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

Weekly Open market rates for dollar

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

Bid Close Rs.178.00

Offer Close Rs.179.00

Bid Open Rs.176.00

Offer Open Rs.177.00

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

Copyright Business Recorder, 2021

Comments

Comments are closed.