KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive trend during the trading session as the benchmark 100-index gained 189 points, reaching 164,815 points.
Meanwhile, according to the Exchange Companies Association of Pakistan, the US dollar also recorded a slight decline at the start of interbank trading.
In the interbank market, the dollar was trading at Rs279.50, after decreasing by one paisa.
Market analysts say the upward movement in the stock market reflects renewed investor confidence, while the marginal change in the dollar rate indicates stability in currency trading.
The domestic gold market in Peshawar, Khyber Pakhtunkhwa, reported prices on Thursday of Rs 541,262 per tola and 464,045 per 10 grams.
As reported by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold is Rs 541,262 per tola, while the rate for 10 grams is Rs 464,045. This decline was influenced by a slight strengthening of the U.S. dollar, as global investors reevaluated their interest-rate expectations.
Analysts noted that this pullback in gold prices followed a week of consistent gains, with investors becoming cautious in anticipation of upcoming economic data releases.
