The KSE-100 index, a key benchmark, climbed by 702.01 points or 1.47% to reach 48,510.35 points at 10:19 am.

The index rose by 578.13 points from the previous close of 48,764.55 points, reaching 49,342.68 points at 11:40 am today.

The trading session kicked off with the US dollar shedding Rs5 against the Pakistani rupee, with the selling price now standing at Rs285 and the buying price at Rs280.

Finance Minister Ishaq Dar announces that the Consumer Price Index (CPI) inflation for June 2023 stood at 29.4 percent, showing a decrease from last month's 38 percent.

The latest trends show that the local currency appreciated by Rs2.63 against the greenback and closed at Rs237.02.

Highnoon Laboratories Limited (PSX: HINOON) was once again included in this year’s Forbes Asia “200 Best Under a Billion

The recent floods in Pakistan have been termed as one of the deadliest natural disaster in the country’s history which has affected 15% population, killing and injuring thousands of people while leaving hundreds of thousands displaced.

The greenback has lost Rs19.94 since its peak of Rs239.94 in the interak and open market.

The Finance Minister says they could boost their exports through various means if they control their imports for just three months.

The KSE-100 index fell 308 points to trade at 41,447.