Achi news desk-
Dollar expensive, weekly report continues
City 42: In a week, the dollar became expensive by 8 paise in interbanks, the weekly report of the currency market was released.
According to the report, the interbank dollar increased from 279.28 rupees to 279.36 rupees in a week, the dollar increased by 77 paise in the open market, the dollar increased from 281 rupees to 281.77 rupees in the open market in a week, Euro became expensive by 30 paise to Rs 302.30 in the open market.
In the open market in a week, the British pound rose 39 paise to 353.96 rupees, the United Arab Emirates dirham increased 1 paise to 76.82 rupees, and the Saudi Arabian increased 10 paise to 74.95 rupees.
According to the State Bank, in one week the reserves of the State Bank increased by 13 million dollars, the reserves of the State Bank increased to 8 billion 565 million dollars, the reserves of commercial banks increased by 39 million dollars to 5 billion 10 million dollars, the country’s total reserves increased by 5 million 1 million dollars to 13 billion 14 million dollars, the State Bank has reserves equal to one and a half month import bill.
Experts say pressure on the rupee is due to demand for import bills, pressure on demand for dollars has also been seen in the open market.
On the other hand, the Pakistan Stock Exchange weekly report has also been released, according to which a sharp decline in the stock market was recorded in a week due to political uncertainty.
The 100 index fell 3071 points in one week, the 100 index could not maintain the important level of 60 thousand after a big decline of 4.9% in one week, the 100 index fell from 62943 to close at 59872 g level in one week.
1.75 billion shares worth 67.50 billion rupees were traded in one week, investors had to bear a loss of 481 billion rupees due to the drop in share price in one week, the market capitalization decreased from 9198 billion rupees to 8717 billion rupees in one a week. a week after
According to experts, uncertainty about the difficulties in forming a coalition government for the next 5 years affected the market, the IMF did not approve the revolving credit plan for the caretaker government, which took the market into the zone negative.
