Pakistan Stock Exchange Hits Historic High, Dollar Falls in Value

Karachi:The Pakistan Stock Exchange (PSX) saw a historic surge at the start of trading today, with the benchmark KSE-100 Index rising by 859 points. The index traded above the 141,000-point mark, reaching new heights.
Last week proved to be a record-breaking one for the PSX, with the KSE-100 Index gaining 1,827 points, marking an increase of 1.30%. The index closed at a new peak of 141,034 points. Over the course of the week, 2.81 billion shares worth a total of 180 billion rupees were traded.
In another positive development, the value of the US dollar also decreased at the beginning of the trading day. According to the Exchange Companies Association, the dollar depreciated by 10 paisas in the interbank market, with the greenback trading at 282.62 Pakistani rupees.