Intraday: PKR advances further by 71 paisa against USD

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MG News | May 31, 2022 at 12:26 PM GMT+05:00

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May 31, 2022 (MLN): Supported by much clarity on the International Monetary Fund (IMF) front, the Pakistani Rupee (PKR) has continued its upward momentum, appreciating by 71 paisa against the US Dollar (USD) in an intraday trade on Tuesday.

The dollar was quoted at 198.55/ 198.65 (12:24 PST) when compared to the previous close of Rs199.06.

In an open market, the rupee was traded at 197.50/199.25.

Minister for Finance and Revenue, Miftah Ismail recently stated that the staff-level agreement with the IMF would be signed next month i.e.in June 2022.

Yesterday, the rupee closed at 199.06. It gained for the 2nd day after its one-sided journey seen in the last few weeks. The market is now hoping for an IMF announcement that has many strings attached, Asad Rizvi, the former Treasury Head-Chase Manhattan Bank tweeted today.

The delay could give some more jitters. But the EU banning Russian oil is negative news for us, he noted.

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Name Price/Vol %Chg/NChg
KSE100 150,016.16
145.54M 		0.56%
837.50
ALLSHR 90,164.34
252.99M 		0.46%
410.34
KSE30 45,486.46
99.07M 		-0.00%
-1.03
KMI30 214,854.66
60.89M 		0.67%
1433.99
KMIALLSHR 58,253.19
111.97M 		0.44%
254.55
BKTi 41,815.03
51.07M 		-1.21%
-510.60
OGTi 30,860.86
6.60M 		0.86%
262.33
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 74,830.00 76,190.00
73,305.00 		710.00
0.96%
BRENT CRUDE 102.90 104.98
100.86 		2.69
2.68%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00 		-11.95
-10.73%
ROTTERDAM COAL MONTHLY 121.85 122.00
121.75 		0.70
0.58%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50 		0.00
0.00%
CRUDE OIL - WTI 95.50 98.42
93.83 		2.00
2.14%
SUGAR #11 WORLD 14.47 14.51
14.19 		0.28
1.97%
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