Pakistan Stock Exchange Remains Stable as Dollar Weakens Against Rupee
The Pakistan Stock Exchange (PSX) continued to show stability on the fourth day of the business week, while the US dollar suffered a setback in the currency market, leading to an improvement in the value of the Pakistani rupee.
On Thursday, the stock market witnessed strong bullish momentum at the opening. As soon as the first session began, the benchmark 100 Index surged by 1,245 points and was seen trading at 171,559 points. A positive trend was also observed in the previous session, with the index closing at 170,314 points at the end of the trading day.
Meanwhile, the US dollar recorded a notable decline in the exchange market. According to the Exchange Companies Association, the dollar fell by 7 paisas in the interbank market and was traded at Rs280.20, strengthening the local currency.
