AGL 23.70 Increased By ▲ 1.67 (7.58%)
AIRLINK 109.29 Increased By ▲ 4.49 (4.28%)
BOP 5.24 Increased By ▲ 0.02 (0.38%)
CNERGY 3.75 Increased By ▲ 0.02 (0.54%)
DCL 7.87 Increased By ▲ 0.17 (2.21%)
DFML 38.45 Increased By ▲ 2.05 (5.63%)
DGKC 88.20 Increased By ▲ 1.15 (1.32%)
FCCL 22.40 Increased By ▲ 0.42 (1.91%)
FFBL 42.01 Increased By ▲ 1.05 (2.56%)
FFL 8.65 No Change ▼ 0.00 (0%)
HUBC 153.00 Increased By ▲ 2.75 (1.83%)
HUMNL 10.60 Increased By ▲ 0.29 (2.81%)
KEL 4.52 Increased By ▲ 0.07 (1.57%)
KOSM 3.85 Increased By ▲ 0.06 (1.58%)
MLCF 37.25 Increased By ▲ 0.35 (0.95%)
NBP 48.61 Increased By ▲ 0.68 (1.42%)
OGDC 131.16 Increased By ▲ 1.46 (1.13%)
PAEL 26.82 Increased By ▲ 0.33 (1.25%)
PIBTL 6.03 Increased By ▲ 0.05 (0.84%)
PPL 115.55 Increased By ▲ 1.21 (1.06%)
PRL 23.03 Increased By ▲ 0.43 (1.9%)
PTC 12.78 Increased By ▲ 0.26 (2.08%)
SEARL 55.60 Increased By ▲ 1.40 (2.58%)
TELE 7.26 Increased By ▲ 0.16 (2.25%)
TOMCL 37.66 Increased By ▲ 1.76 (4.9%)
TPLP 8.30 Increased By ▲ 0.15 (1.84%)
TREET 15.57 Increased By ▲ 0.07 (0.45%)
TRG 55.25 Increased By ▲ 1.24 (2.3%)
UNITY 32.75 Increased By ▲ 0.75 (2.34%)
WTL 1.20 Increased By ▲ 0.01 (0.84%)
BR100 8,404 Increased By 114.1 (1.38%)
BR30 26,427 Increased By 415.4 (1.6%)
KSE100 79,454 Increased By 915.1 (1.17%)
KSE30 25,460 Increased By 251.4 (1%)

SHANGHAI: The yuan was mostly steady against the dollar on Tuesday, as traders await Wednesday’s China GDP data while they also keep a wary eye on whether Chinese developer Country Garden will default on its offshore debt as a repayment deadline looms.

Beijing’s persistent stabilisation efforts have managed to slow the yuan’s weakening trend, and the local currency also got some support during the day from a retreat in the dollar overnight on reduced bets of higher rates.

The spot yuan was changing hands at 7.3126 at midday, slightly weaker than the previous late session close. Prior to market open, the People’s central bank kept the midpoint steady at 7.1796, maintaining a strong fixing bias.

Confidence in the yuan remains fragile as the economy struggles to recover beyond a brief post-COVID bounce.

Comments

Comments are closed.