Currency exchange rate: Saudi Riyal to Ruppee for December 2

The Saudi Riyal (SAR) remained relatively stable in the open market today, with its buying rate at Rs73.99 and the selling rate at Rs74.12.

This stability comes as the Pakistani rupee showed resilience against the Saudi currency, which is widely used for remittances from Saudi Arabia, a significant source of foreign exchange for Pakistan.

Pakistani expatriates often exchange Saudi Riyals as they return home or send money to their families, and they can visit local banks or exchange companies to conduct these transactions.

On the other hand, the Pakistan Stock Exchange (PSX) achieved another historic milestone as the KSE-100 index surged to a record high of 102,664.34 points, marking an increase of 1,307.02 points, or 1.29%, during today's intra-day trading.

At 11:15am, the market witnessed a strong upward movement, reaching an intraday high of 102,737.83 points, while the low for the day was recorded at 101,921.20 points.

The trading volume reached 345,041,632 shares, with a total value of 11,381,780,782 PKR.

This surge continues the positive momentum in the market, following a series of record-breaking performances.

The PSX has been on a bullish trajectory in recent weeks, with the KSE-100 index now comfortably above the 102,000-point level.