US dollar loses 22 paisas; share prices gain 250 points

By: News Desk      Published: 10:16 AM, 21 Sep, 2021
US dollar loses 22 paisas; share prices gain 250 points
Representational image.

The US dollar lost 22 paisas in value against the Pakistani rupee in the inter-bank trading early Tuesday, reported 24NewsHD TV channel.

According to the forex dealers, the dollar took a dive as soon the trading opened on Tuesday.

The greenback sent down from Rs168.72 to Rs168.50.

Also Read: SBP increases interest rate from 7pc to 7.25pc

Meanwhile, the stock market showed a positive trend as the business opened on Tuesday morning.

The KSE-100 index went up by 250 points in the early trading, as was hovering around 46780 after 0.54 percent increase in stock prices.

The main reason behind the surge in share prices was said to be the raise in interest rates announced by the State Bank of Pakistan (SBP) a day earlier.