Bullish trend continues in Pakistan stock market, dollar is also expensive – Business & Economy

Bullish trend continues in Pakistan stock market, dollar is also expensive – Business & Economy

On the second day of the business week, a positive trend was observed in the Pakistan Stock Exchange today.

Pakistan stock market is at the highest level in the country’s history due to the restoration of investors’ confidence.

The second day of the business week saw the stock market rally, with the 100 index down 74 points to close at 71,359 points.

It should be noted that the stock market increased by 523 points by the end of the last business day, following which the 100 index closed at 71,433 points.

New records of bullishness in the stock exchange, the index crossed the 71 thousand mark for the first time in history

On the other hand, in the exchange market, the trend of increasing the value of the Pakistani rupee once morest the US dollar is still intact.

According to currency dealers, on the second day of the business week, the value of the US dollar rose by 17 paisa to Rs. 278 to 50 paise to the dollar.

Dollar appreciation on the first day of the business week

It should be noted that at the start of business today, the value of the dollar was reduced by 8 paise in the interbank, but due to the increase in demand, the value of the dollar is being seen to increase once more.

It should be noted that the value of the US dollar increased slightly once morest the Pakistani rupee in the foreign exchange market yesterday.

Stock Exchange rose sharply over the business week

According to the State Bank, the dollar closed at 278 rupees 33 paise during interbank trading today.

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2024-04-24 06:00:35

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