Currency exchange rate: Saudi Riyal to Rupee for December 3, 2024

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

Compared to yesterday's rates, there was no significant change in the value of the Saudi Riyal against the Pakistani Rupee.

This stability reflects the ongoing trend in the foreign exchange market, as the Saudi Riyal remains a key currency for remittances to Pakistan.

Pakistani expatriates, who frequently send money from Saudi Arabia, continue to exchange Riyals at these rates through local banks or exchange companies.

On the other hand, the Pakistan Stock Exchange (PSX) witnessed a positive trading session today, with the 100 index rising by 493.61 points to reach 103,768.55 points in intra-day trading.

The market opened on a strong note, and as the session progressed, the index climbed further, hitting a peak of 104,361.24 points at 12:00 pm.

The lowest point recorded during the session was 102,825.59 points.

The trading volume for the day stood at 475,856,546 shares, with a total market value of Rs17,337,144,881.

The overall market sentiment remained optimistic, contributing to a steady rise in the index throughout the day.