The US dollar slipped by Rs0.5 on Wednesday, reaching Rs281 in Pakistan’s open market, marking a slight decline on the third day of the business week.
According to the Exchange Companies Association of Pakistan, the greenback’s interbank rate remained steady at Rs280, indicating no change in official trading rates.
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Meanwhile, the Pakistan Stock Exchange continued to show volatility as the KSE-100 Index fell by 538 points, closing at 183,414 points during the session.
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During trading, the market recorded an intraday high of 775 points and a low of 721 points, reflecting fluctuations in investor sentiment throughout the day.
Market experts attributed the cautious trading to tensions between Iran and the United States, which have influenced investor confidence in both the currency and equity markets.
