KARACHI – In a positive development, Pakistani Rupee rises further againstthe US dollar.
US dollar rates plunged further in the open market as dollar fell 5 paisalower against Pakistani Rupee and the stock market saw a rise of 422points.
The dollar became cheaper during the day on trading in the market today,after the open market rate fell 5 paisa to 155 Rupee 40 paisa while theinterbank traded at Rs155 at 44 paise.
The stock market rose 422 points, after which the KSE 100 index rose to37,818 points.
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It should be noted that the stock market has been trading at the highestlevel in 6 and a half months. According to economic analysts, investment islikely to accelerate once the uncertain political situation in the countryends.
