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15 February 2024

HomeBusinessDollar prices fall once again stock market is back on track

Dollar prices fall once again stock market is back on track

dollar notes and photoshopped images

Dollar prices fall once again stock market is back on track

Karachi: (Suno News) There has been a continuous decline in the value of the dollar, with the exchange rate in the interbank market dropping by 1 rupee and 2 paisas, closing at 293 rupees and 88 paisas.

According to details, the effects of the crackdown against dollar smugglers are becoming apparent, and the currency market remains robust while the dollar is losing its value on a daily basis. The dollar, which used to be a triple century performer, is consistently falling.

Since the crackdown against illegal hoardings and hawala transactions began nationwide on September 13, the value of the dollar has decreased by 13 rupees, while in the open market, the dollar has reached 297 rupees after being 1 rupee more expensive.

On the other hand, despite a bearish trend in the stock market, investors have earned a hefty profit of 7 billion rupees. Business activities remain limited due to lack of interest from traders concerned about inflation.

In the stock market, after a 21-point decline, the hundred index closed at 45,890 points, with transactions worth 1.37 billion rupees involving 13 crore shares.

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