PKR edges higher by 96 paisa in early trade

News Image

By MG News | June 01, 2022 at 10:07 AM GMT+05:00

0:00

June 01, 2022 (MLN): Extending its gaining momentum, the Pakistani rupee (PKR) has further appreciated in the interbank market by 96 paisa against the US dollar in early trade compared to the previous close at PKR 198.6 per USD.

The rupee was quoted at 197.51/ 197.71 (10:06 PST) with trades reported at 197.50.

The pace of recovery provides a good opportunity for overseas Pakistanis and exporters to offload their holdings. 6-months forward has already lost Rs3 to close at 205.74, Asad Rizvi, the Former Treasury Head at Chase Manhattan Bank said.

Agreement with IMF will give a further boost to PKR, he added.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,010.39
13.75M
0.25%
323.73
ALLSHR 81,543.12
83.29M
0.29%
237.87
KSE30 40,051.86
7.45M
0.27%
106.41
KMI30 190,954.69
7.81M
0.13%
256.64
KMIALLSHR 55,190.00
39.47M
0.21%
115.85
BKTi 34,870.38
0.91M
0.87%
301.98
OGTi 28,633.23
0.71M
-0.37%
-106.12
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,945.00 110,525.00
109,735.00
-470.00
-0.43%
BRENT CRUDE 68.55 68.89
68.42
-0.25
-0.36%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.84 67.18
66.72
-0.16
-0.24%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 09:40 AM GMT+05:00

NBP issues foreign exchange rates


July 04, 2025 at 09:34 AM GMT+05:00

TRG Pakistan plans appeal against IHC Order


July 04, 2025 at 09:30 AM GMT+05:00

Asia markets mixed ahead of U.S. tariff deadline


July 04, 2025 at 06:09 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg