Positive Trend in Pakistan Stock Exchange; Dollar Loses Value Against Rupee
The decline in the dollar’s value against the rupee continued.
Islamabad: The Pakistan Stock Exchange (PSX) showed a positive trend on the fourth day of the trading week, while the US dollar continued to weaken against the Pakistani rupee.
On Thursday, the KSE-100 Index opened higher, gaining 355 points and reaching a level of 166,500 points.
Earlier, during the first session of the previous day, the index had crossed the 168,000-point mark, but it slipped into negative territory by the close of trading.
Read more: PSX starts week’s final session on a positive note
Meanwhile, the decline in the dollar’s value against the rupee continued. According to the Exchange Companies Association, the interbank rate saw a decrease of 6 paisa, bringing the dollar’s value to Rs 280.40.
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