Pakistan Stock Exchange Hits Historic High, Dollar Value Decreases Further

The Pakistan Stock Exchange (PSX) continued its bullish trend, setting a new record as the 100 index crossed the 82,000 mark during trading on Thursday. The market surged by 1,550 points, reaching an all-time high of 82,000 points, marking a significant milestone in the country’s stock market history.

Key Highlights:

• PSX Surge:
  • The 100 index climbed by 1,550 points at the opening of the session, reflecting investor confidence.
• Dollar Depreciation:
  • The Pakistani rupee also improved against the US dollar, with the dollar’s value decreasing by 4 paise to Rs 278 in inter-bank trading.
  • The dollar had previously closed at Rs 278.4 at the end of the previous day’s session.

This dual development signals a period of optimism in Pakistan’s financial markets, with positive trends in both the stock market and the exchange rate.