The Pakistan Stock Exchange (PSX) opened with a mixed trend on the last trading day of the week, while the U.S. dollar continued its downward slide against the Pakistani rupee.
The trading session began on a negative note but quickly recovered, with the benchmark KSE-100 Index gaining 130 points shortly after market opening. The index was seen trading at 139,520 points, up from the previous day’s closing of 139,390 points, which had marked a significant gain.
Meanwhile, the currency market witnessed a further decline in the dollar’s value. According to the Exchange Companies Association of Pakistan, the U.S. dollar fell by 17 paisas in the interbank market, bringing its rate down to Rs282.70. This drop contributed to a strengthening of the Pakistani rupee.
The contrasting movement in the stock and currency markets reflects investor caution and shifting sentiment as economic indicators show signs of stabilization. Analysts suggest that the continued decline in the dollar’s value could provide further relief to importers and help ease inflationary pressures in the near term.