Forex Rates Soar Dollar, Euro, Pound, Yen & More PSX Bulls on Political Stability Hopes

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.2 and Rs 282.1, respectively.

The price of the Euro increased by Rs1.04 to close at Rs 303.09 against the last day’s closing of Rs 302.05, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs185, whereas an increase of Rs1.15 was witnessed in the exchange rate of the British Pound, which was traded at Rs 354.02 compared to the last closing of Rs 352.87.

The exchange rates of the Emirates Dirham and the Saudi Riyal increased by 02 paise each to close at Rs 76.03 and Rs 74.46 respectively.

The Pakistan Stock Exchange (PSX) is showing positive trends in the hopes of political stability in the country.

The PSX benchmark 100 index showed a bullish trend on the first day of the business week as it gained 681 points to cross the 66,000 mark.

The KSE-100 index was trading at 66,006 points around 9:45 am. According to market experts, the investors are reposing their trust in the market on the hopes of political stability.