Dollar Continues to Rise for Second Consecutive Day; Pakistan Stock Exchange Sees Bullish Trend
The value of the US dollar has continued its upward trajectory for the second day in a row in Pakistan’s exchange market, while the Pakistan Stock Exchange is experiencing a bullish trend.
Dollar’s Value Increases in Interbank Market
On the fourth day of the business week, the US dollar rose by 8 paise, reaching 278.53 PKR in the interbank market. This follows a similar increase of 11 paise in the previous day’s trading.
Pakistan Stock Exchange Gains Momentum
Meanwhile, the Pakistan Stock Exchange continues to see positive movement. The KSE-100 Index surged by 614 points, reaching a new level of 78,876 points. This marks a continuation of the upward trend observed yesterday, where the KSE-100 Index closed at 78,260 points, gaining 515 points.
Market Overview
The consistent rise in the value of the dollar and the positive performance of the stock market reflect ongoing economic dynamics and investor confidence. As the dollar strengthens, market participants are closely watching the trends to gauge the future direction of both the currency and stock market.