The Dollar fell by Rs0.5 on Wednesday, opening at Rs281 in Pakistan’s open market. This marked the third consecutive day of a slight decline in the currency’s value.
According to the Exchange Companies Association of Pakistan (ECAP), the Dollar’s interbank rate remained stable at Rs280. Analysts said this shows a minor correction in the foreign exchange market while trading remained cautious.
Meanwhile, the Pakistan Stock Exchange (PSX) witnessed another day of market volatility. The KSE-100 Index fell by 538 points, closing at 183,414 points. During the session, the index saw an intraday rise of 775 points and a fall of 721 points, reflecting mixed investor sentiment.
Market experts attributed the cautious trading to rising tensions between Iran and the United States. They said geopolitical concerns continue to influence both currency and stock markets in Pakistan.
Investors are keeping a close watch on international developments as they directly affect the Dollar and local financial markets. Analysts said any major escalation in the region could lead to further fluctuations in the foreign exchange market.
In recent days, the Pakistani rupee has shown minor fluctuations against the Dollar, while the central bank has maintained the interbank rate to ensure stability. Experts said this has helped prevent sharp swings in currency values.
Traders also noted that the ongoing volatility in the PSX reflects a cautious approach by investors. They are waiting for more clarity on global and regional developments before making major moves.
In other related news also read dollar and other currency rates in Pakistan today
Market observers advised businesses and investors to monitor both local and international events closely. They said the Dollar’s movement will remain a key factor for trade, imports, and foreign investment in the near term.
