Summary
- In the currency market, the US dollar showed a slight decline.
- Financial experts say the marginal decline reflects stability in the currency market.
- Overall, both the stock market and currency market showed relatively stable movements at the beginning of the trading session.
KARACHI: The Pakistan Stock Exchange (PSX) opened on a positive note on Thursday. A strong upward trend was observed in early trading.
The benchmark KSE-100 Index recorded a significant increase. It gained 848 points during the opening session. The index reached the level of 181,359 points.
Market analysts noted that investor confidence remained strong at the start of the trading day. Buying activity was seen in key sectors, contributing to the early gains.
In the currency market, the US dollar showed a slight decline. The dollar fell by 2 paisa in interbank trading.
The greenback was recorded at Rs278.25 in the interbank market. On the previous day, it had closed at Rs278.27.
Financial experts say the marginal decline reflects stability in the currency market. They add that fluctuations remain limited within a narrow range.
Overall, both the stock market and currency market showed relatively stable movements at the beginning of the trading session.
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