Currency exchange rate: Saudi Riyal to Rupee for December 5

The Saudi Riyal (SAR) remained stable in the open market today, with its buying rate at Rs73.93 and the selling rate at Rs74.07.

This stability reflects the continued resilience of the Pakistani rupee against the Saudi currency, which is a key source of remittances for Pakistan.

Many Pakistani expatriates, particularly those working in Saudi Arabia, regularly exchange the Riyal either when returning home or sending money back to their families.

Local banks and exchange companies continue to facilitate these transactions, maintaining a steady demand for the Saudi Riyal in the Pakistani market.

The Pakistan Stock Exchange (PSX) experienced a positive trading day, with the current index at 106,766.10 points, marking an increase of 1.58% or 1,661.77 points during intra day trading.

The index hit a high of 106,790.56 during the session, while the lowest point recorded was 105,448.05.

The market saw significant activity, with a trading volume of 285,847,491 shares and a value of 16.21 billion Pakistani rupees.

The previous closing was 105,104.33, indicating a strong upward momentum in the market today.