PSX Hits Record High, Crosses 106,000 Points Mark
Karachi (Qudrat Daily)The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend at the start of trading today, with the benchmark KSE-100 index surging to a historic high. For the first time in history, the stock market crossed the 106,000-point threshold.
As of today, the KSE-100 index climbed by 623 points, reaching an all-time high of 105,727 points. This surge marks a significant milestone for the stock market, which closed at 105,000 points in the previous session.
Meanwhile, the US dollar also saw a decline in the interbank market. The value of the US dollar dropped by 10 paisas against the Pakistani rupee, bringing the exchange rate to 277.82 PKR per dollar. This shift indicates a strengthening of the rupee against the dollar in recent trading sessions.
The rally in the stock market and the drop in the dollar’s value come as positive developments for the Pakistani economy, signaling investor confidence and a potential stabilization of the currency market.
