Currency exchange rate: Saudi Riyal to Rupee for December 6

The Saudi Riyal (SAR) remained stable in the open market today, with its buying rate at Rs73.96 and the selling rate at Rs74.09.

This steady performance reflects the ongoing stability of the Pakistani rupee against the Saudi currency, a critical one for remittances.

Pakistani expatriates, especially those employed in Saudi Arabia, continue to exchange Riyals regularly, either when returning home or sending money back to their families.

Local banks and exchange companies are facilitating these transactions smoothly, ensuring a consistent demand for the Saudi Riyal in Pakistan’s foreign exchange market.

Today's Rate:

Saudi Riyal (SAR):

• Selling: Rs74.09
• Buying: Rs73.96

On the other hand, the Pakistan Stock Exchange (PSX) continued its upward trend, with the index surpassing a record high of 109,000 points.

On the last trading day of the week, the stock market saw a tremendous rise, starting with a surge of 1035 points, taking the KSE 100 index beyond the 109,000-point mark.

Subsequently, the market's bullish trend continued, with the index increasing by a total of 1103 points, reaching a new all-time high of 109,342 points.