USD exchange rate: Rupee strengthens slightly against US Dollar

The Pakistani Rupee (PKR) saw notable fluctuations in its exchange rates against several major global currencies in the interbank market, US Dollar (USD) was traded at Rs278.35 for selling and Rs277.85 for buying.

The Euro (EUR) saw a buying rate of Rs293.16 and a selling rate of Rs293.69.

The British Pound (GBP) stood at Rs352.34 for selling and Rs351.70 for buying.

Meanwhile the Swiss Franc (CHF) was valued at Rs314.96 for selling and Rs314.40 for buying.

The Canadian Dollar (CAD) was traded at Rs198.43 for selling and Rs198.08 for buying.

The Australian Dollar (AUD) was exchanged at Rs180.48 for selling and Rs180.16 for buying, while the UAE Dirham (AED) saw rates of Rs76.29 for selling and Rs76.15 for buying.

In the Middle Eastern currencies, the Qatari Riyal (QAR) was bought at Rs76.44 and sold at Rs76.58.

Kuwaiti Dinar (KWD), one of the highest-value currencies, was priced at Rs905.45 for selling and Rs903.83 for buying.

On the other hand, The Pakistan Stock Exchange (PSX) made history on Thursday as the benchmark KSE-100 index surged past the significant 100,000-point mark, reflecting investor optimism and a positive start to the trading session.

At 09:42AM, the benchmark KSE-100 index climbed by 947.32 points, or 0.95%, reaching 100,216.57 points, up from its previous close of 99,269.25 points.

This milestone comes as a remarkable recovery for the market, which experienced a sharp drop of over 3,500 points on Tuesday, following violent protests in Islamabad that had unsettled investor confidence.

The trading volume for today has been strong, with over 154 million shares exchanged, and a total value of over Rs 4.5 billion.

The market’s positive momentum follows yesterday’s strong performance, which saw the index reclaim five key levels—95,000, 96,000, 97,000, 98,000, and 99,000 points—before closing at 99,269.25 points.

Investor confidence remains high, driven by factors such as easing political tensions, optimistic economic indicators, and strong sectoral performances.

As the PSX continues to show resilience and growth, it reflects the broader potential for Pakistan's economic development.