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Karachi Stock Market suffers from negative trend on third trading day

KARACHI: Karachi Stock Exchange experienced a downturn on the third day of this week’s trading session, with the market closing lower by 148 points.

The benchmark index is currently at 118,427 points, reflecting a decline from the previous session.

Yesterday, the market had closed at 118,575 points, marking a significant gain of 1,278 points.

In the currency market, the interbank dollar exchange rate has seen a slight decrease of 10 paisa, according to the Exchange Companies Association. The dollar is now valued at 281.57 rupees in the interbank market, providing some relief to importers and consumers.