Midday Report: Living in two minds

July 30, 2019 (MLN): The KSE-100 index started the session on a dreadful note, wherein it went as low as 31,485 points which accounts for a 41-month low. However, the index recovered quickly and is now trading at 31,764-mark.

With regards to local currency, the Pakistani Rupee (PKR) appreciated to 159.90/160.05 with trades reported at 160 per USD, as compared to the previous close of 160.45 per USD. The reason for PKR appreciation, according to traders, is the increase in remittances.

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Posted on: 2019-07-30T12:21:00+05:00