Pakistan Stock Exchange Hits Historic High, 100 Index Surpasses 92,000 Points
The Pakistan Stock Exchange (PSX) achieved a new milestone today as the 100 Index crossed the 92,000-point mark. The stock market started the business week on a strong note, gaining over 1,100 points on the first trading day, with the 100 Index reaching 92,016 points.
Last week closed on a positive note as well, with the 100 Index ending at 90,859 points, following a 1,893-point surge that set the stage for today’s rally.
Dollar Value Rises in Interbank Market
Meanwhile, the value of the US dollar rose in the interbank market. The dollar appreciated by 7 paise, trading at Rs 277.77 compared to Rs 277.70 at the close of the previous week.
The record-breaking rally in the PSX signifies a boost in investor confidence, while fluctuations in the currency market reflect ongoing shifts in economic conditions.