WEB DESK: The Pakistani rupee sunk further against the American dollar falling by 56 paisas. The dollar now values Rs105.8.
Yesterday dollar was floating at 104.6 in the open market.
The recent climb of the dollar against the rupee has been attributed to a strong demand from importers and its outflows from the country. Currency dealers say the growing demand is due to oil-related payments.
The stock market is showing an upward trend whereas the market depicted a decline for yesterday trading. This week’s volume leaders were PACE, Pak Elektron Limited, BOP, Jahangir Siddiqui and Co. Ltd: Pakistan Investment and BYCO Oil Pakistan Limited.