In the Interbank market, the United States dollar is currently trading at 277 rupees and 63 paise, indicating a depreciation of 32 paise. Yesterday, it reached a closing price of 277 rupees and 95 paise on the Interbank market.

Historically, the Pakistan Stock Exchange (PSX) exceeded the 93,000-point threshold for the first time, with the KSE-100 index increasing by 480 points to attain a record high of 93,001 points.

A significant milestone was reached on the final business day of the week, establishing a new record for the nation’s stock market.

Economists ascribe the market’s expansion to expectations of an enhanced economic rating for Pakistan and a favorable perspective on economic reforms. The session commenced positively, with the 100 index initially increasing by 250 points, reaching 92,770 points prior to the day’s zenith. The market concluded the prior day at 92,520 points.

Simultaneously, the Pakistani rupee appreciated as the dollar decreased by 20 paisa in the interbank market, now valued at 277.75 rupees. Economists attribute this enhancement to heightened remittances and a current account surplus, which have strengthened the rupee’s status.

Today’s trading session began with a strong upward trend on the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index increased by 500 points to reach 92,525 points.

This rise follows the index closing at 92,021 points at the end of Thursday’s trading day, down 282 points.

In the currency market, the US dollar’s interbank rate fell four paisas to Rs277.85, while the Pakistani rupee rose little versus the US dollar.

In the interbank market, the dollar ended the last working day at Rs277.89.

More gains are expected in the upcoming sessions, which market observers ascribe to steady economic indications and heightened investor confidence.