The dollar has hit a five-month low of Rs 165.45 in the interbank market, while the stock market is also witnessing a sharp increase at the start of trading, reaching 380 points early in the morning. Pak Rupee has made its position to an all-time high against USD in the last five months.
According to the details, when the interbank market started trading, the dollar depreciated by 17 paise, after which the dollar fell to a five-month low of 165 rupees and 45 paise, from a high of 168 rupees to 43 paise which is 6 percent cheaper.
The dollar has lost 2.98 paise since Thursday. On the other hand, there is good news for business people from the stock market. When the business started this morning, the KSE 100 index was at 41,377 points, but after a while, it saw a sharp rise, and at that time of writing the 100-index was up by 380 points. With the improvement, it has reached 41,758 points, experts say the stock market is likely to add more points today before the closing time.