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ISLAMABAD

The currency exchange establishments of twin cities continued to show lacklustre activity on Saturday.

The rupee slightly gained strength against the dollar as it started the day at Rs 53.80 as compared to previous Rs 53.85. It remained glued to its morning levels and the dollar was sold at Rs 53.90.

Dealers were of the view that market opened on a depressed note due to absence of trades and motivating factors in both the sessions. The sentiment remained dull throughout the day and closed with negative sentiment.

They said that present mute response of the kerb would end in coming sessions as genuine buyers and sellers will enter back in game following opening of State Bank of Pakistan on Monday.

Pound sterling remained pegged to its overnight levels as it was bought and sold at Rs 86.80 and Rs 87.20, respectively.

Both UAE dirham and Saudi riyal remained lower in the local kerb with thin volume. UAE dirham resumed trading at Rs 14.68 and was sold at Rs 14.72. Saudi currency was bought and sold at Rs 14.44 and Rs 14.48, respectively.

German mark opened at Rs 27.80 and sellers were offering 20 paisa more of Rs 28.