KARACHI: The US dollar witnessed a slight decline against the Pakistani rupee in both the interbank and open markets, while the Pakistan Stock Exchange (PSX) closed on a strong positive note.
According to the State Bank of Pakistan, the dollar depreciated by 1 paisa in the interbank market, closing at Rs278.55 compared to the previous close of Rs278.56.
In the open market, the Exchange Companies Association of Pakistan reported that the dollar fell by 4 paisa to Rs279.63. Other currencies also showed mixed movement, with the UAE dirham declining by 3 paisa to Rs 76.60 and the Saudi riyal by 6 paisa to Rs 74.77.
However, the euro rose by 5 paisa to Rs326.12 and the British pound increased by 61 paisa to Rs376.87.
Meanwhile, the Pakistan Stock Exchange (PSX) recorded a strong bullish trend as the benchmark index gained 3,683 points to close at 168,514 points. During intraday trading, the index touched 168,869 points, compared to the previous close of 164,831 points.
Market analysts said the gains reflect improved investor sentiment and renewed buying activity across key sectors.
