The rupee appreciated against dollar, it, however, lost its value versus euro on the currency market on Thursday, dealers said. The rupee inched up by two paisa versus dollar for buying at 85.60 and it also gained one paisa for selling at 85.64, they said.
Indian rupee was trading at Rs 46.81 versus dollar, Malaysian ringgit was available at 3.1275 in terms of the US currency and Chinese yuan was trading at 6.800 in relation to the greenback.
Interbank buy/sell rates for taka against the dollar on Thursday: 69.58/69.60 (previous 69.58/69.60). Call Money Rates: 4.50-5.75 percent (previous 4.00-6.00 percent).
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Open Buying Rs 85.40
Open Selling Rs 85.55
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Buying Rs 85.60
Selling Rs.85.64
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 10.00 11.50 10.10 11.75 10.84
1-Week 11.50 12.20 12.00 12.25 11.99
2-Week 11.60 12.25 12.20 12.30 12.09
1-Month 11.70 12.30 12.25 12.35 12.15
2-Months 11.85 12.35 12.35 12.45 12.25
3-Months 12.00 12.45 12.40 12.50 12.34
4-Months 12.10 12.45 12.40 12.50 12.36
5-Months 12.10 12.45 12.40 12.55 12.38
6-Months 12.25 12.50 12.45 12.60 12.45
9-Months 12.25 12.50 12.45 12.65 12.46
1-Year 12.30 12.60 12.50 12.70 12.53
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 10.00 11.50 10.10 11.75 10.84
1-Week 11.75 12.25 12.10 12.30 12.10
2-Week 11.90 12.30 12.20 12.40 12.20
1-Month 12.10 12.40 12.40 12.50 12.35
2-Months 12.25 12.70 12.60 12.75 12.58
3-Months 12.30 12.75 12.70 12.90 12.66
4-Months 12.30 12.90 12.70 13.00 12.73
5-Months 12.35 13.00 12.70 13.10 12.79
6-Months 12.40 13.10 12.80 13.25 12.89
9-Months 12.50 13.20 12.80 13.30 12.95
1-Year 12.60 13.25 12.80 13.35 13.00
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The LSE-25 index gained 16.15 points and was closed at 3090.62 against 3074.47 of Wednesday, while transaction volume restricted to 2.026 million shares, as compared to 2.581 million shares traded a day earlier.
The market opened on a healthy sign and showed vertical rise to gain above 50 points on commencement of trading. Attock Refinery, OGDC, PPL, Byco Petroleum, United Bank, Hub Power, Adamjee Insurance and NetSol Technologies helped market stay in green zone.
Later the market stayed range-bound and moved within the range of 10 points. However, just ahead of closing of trading, the rising trend could not continue, as the investors started profit taking to get out of the market at available margin. As a result, Engro Corporation, PSO, Pak Oil Fields, MCB Bank, Habib Bank, National Bank, Bank Al-Habib, Southern Electric Power, Kot Addu Power and Sui Southern remained under pressure. Despite the selling pressure, the market managed its closure on positive note, which reflects market potential in near future.
Among gainers, Millat Tractors gained Rs 3.20, Attock Refinery was improved by Rs 2.30, OGDC was appreciated by Rs 1.55, while United Bank and NetSol Technologies were up by 79-paisa and 75-paisa, respectively.
In the negative column, Engro Corporation was declined by Rs 2.25, PSO lost Rs 2.00, while Pak Oil Fields was down by Rs 1.88.
Byco Petroleum was the market leader whose 254,900 shares changed hands followed by Lotte Pakistan PTA with 251,552 shares.
The dollar opened at Rs 85.00 (buying) and Rs 85.50 (selling) against the last rate of Rs 85.00 (buying) and 85.50 (selling). It did not observe further change in the evening session and closed at Rs 85.00 (buying) and Rs 85.50 (selling).
Pound Sterling opened at Rs 129.78 (buying) and Rs 131.97 (selling) against the previous rate of Rs 129.81 (buying) and Rs 131.99 (selling). It did not observe further change in the last trading hours and closed at Rs 129.78 (buying) and Rs 131.97 (selling).
UAE Dirham opened at Rs 23.08 (buying) and Rs 23.32 (selling) in the morning session against the last rate Rs 23.08 (buying) and Rs 23.32 (selling). The value of Dirham against the rupee remained unchanged in the evening session and closed at Rs 23.08 (buying) and Rs 23.32 (selling).