Mixed Trend Observed in Pakistan Stock Exchange; Dollar Slightly Down in Interbank Market
KARACHI:The Pakistan Stock Exchange (PSX) witnessed a mixed trend at the start of today’s trading session. The benchmark KSE-100 index dropped by 150 points during early trading, bringing it down to 118,900 points.
Despite market volatility, investors remained cautious, with selective improvement observed in certain sectors. Analysts suggest that uncertainty around macroeconomic policies and global cues may be influencing investor sentiment.
Meanwhile, in the interbank market, the Pakistani Rupee showed slight improvement against the US Dollar. According to the State Bank of Pakistan, the Dollar fell by 31 paisas to settle at Rs. 281.75.
Financial analysts attribute the slight appreciation of the rupee to a narrowing current account deficit and a rise in remittances. However, they caution that the market’s future direction will heavily depend on the government’s fiscal policies and the outcome of ongoing negotiations with the International Monetary Fund (IMF).
