Pakistani rupee continued to slide down against the dollar after Eid, reaching new all-time lows in the interbank and in open markets today.
The Pakistani rupee continued to weaken, shedding an additional Rs. 1.33 against the US dollar, which was being traded at Rs 152.90 in the interbank market as it remained volatile throughout the whole day.
Following the rise in the interbank, the US dollar also strengthened in the open market with a Rs. 1.50 increase and traded at Rs153.50.
The greenback has risen by Rs. 4.30 since the market reopened after the Eid holidays and during June, the dollar has risen by almost Rs. 4.88. The Pakistani rupee has witnessed volatility in the interbank and open market during the last few weeks.
However, the stock market saw a bullish trend today as the Benchmark index, KSE-100 closed at 35,403 points, up by 465 points or +1.33%. Overall, 118.5 million shares were traded in KSE-100 and 154.32 million shares in All Shares index.