Positive Start at Pakistan Stock Exchange as Dollar Hits Six-Month Low

ISLAMABAD: The Pakistan Stock Exchange (PSX) opened on a positive note, while the U.S. dollar fell to its lowest level in six months against the Pakistani rupee.

On the third business day of the week, bullish sentiment dominated the market, with the KSE-100 Index gaining 499 points in early trading to reach 161,600 points.

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A day earlier, the market had also opened positively but turned negative by the final session, resulting in losses of billions of rupees for investors.

Meanwhile, the value of the U.S. dollar declined further, reaching a six-month low. According to the Exchange Companies Association, the dollar dropped by 7 paisas in the interbank market, settling at Rs280.90.