Dollar Decreases Against Rupee, Stock Market Surges Past 79,000 Points
On the first day of the business week, the value of the US dollar fell by 10 paisa against the Pakistani rupee in the interbank market, bringing the exchange rate to 278.44 PKR per dollar.
Stock Market Sees Positive Trend
Simultaneously, the Pakistan Stock Market witnessed a positive start as the KSE-100 index surged by 515 points, crossing the 79,000 mark to reach 79,003 points. This marks a significant recovery after the index closed at 78,488 points at the end of the last business day last week.
The positive movement in the stock market suggests growing investor confidence, possibly fueled by the recent currency stabilization and favorable economic indicators.