PSX Hits Record High as Rupee Strengthens Against Dollar
At the close of the previous trading week, the index had settled at 169,865 points.
ISLAMABAD: The Pakistan Stock Exchange created history on the first day of the business week as the benchmark index reached its highest-ever level, while the US dollar also weakened against the Pakistani rupee in the exchange market.
During early trading, strong bullish momentum was witnessed, with the 100 Index surging by 997 points to reach a record level of 170,862 points for the first time in the country’s history.
At the close of the previous trading week, the index had settled at 169,865 points.
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Meanwhile, the downward trend in the dollar’s value continued. According to the Exchange Companies Association of Pakistan, the US dollar depreciated by 2 paisas in the interbank market, bringing its rate down to Rs280.30.
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