In Karachi, the open market experienced a surprising downturn in the value of the US dollar following its recent upward trajectory. Over the course of two days, the dollar depreciated by 12 Pakistani rupees.
On the third day of the trading week, the dollar saw a significant drop of 7 rupees against the rupee, settling at Rs 316. This followed a previous day’s decrease of Rs 5, bringing the total decline in the dollar’s value to 12 rupees within two days in the open currency market.
Simultaneously, in the interbank market, the dollar’s value dipped by 11 paise to Rs 306.97. However, the dollar’s price remained volatile, and by noon, it experienced a further decrease of 14 paise, reaching Rs 306.95.
Conversely, the Pakistan Stock Exchange displayed a bullish trend throughout the morning, with the KSE 100 index climbing to 45,520 points, marking a gain of 29 points in the PSX.
