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BusinessLatest

Strong Rally in Stock Market as Dollar Declines Further

By Staff Writer

KARACHI: The Pakistan Stock Exchange opened with a strong bullish trend, while the Rupee strengthened further against the US Dollar.

At the start of trading on Thursday, the KSE-100 index surged by 645 points, reaching a level of 162,871 points.

The market had already crossed the 162,000-point threshold in the previous session, driven by positive investor sentiment and strong trading momentum.

On the currency front, the US Dollar continued to experience a decline against the Rupee. According to the Exchange Companies Association, the dollar lost 6 paisas in the interbank market, bringing its value down to PKR 280.60.

This marks a continuation of the downward trend observed over recent trading sessions, reflecting a strengthening local currency amid improving market conditions.

Staff Writer
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