ISLAMABAD: On the second day of the business week, the Pakistan Stock Exchange reached a new historical high, while the dollar’s value recorded a slight decline.
The 100 index saw a significant increase and for the first time, it was seen trading at a high of 177,122 points.
Investor confidence remained in the market, due to which buying pressure prevailed and positive progress was recorded in shares of important sectors.
On the other hand, a slight decrease in the value of the US dollar was seen in the interbank market. The dollar became cheaper by 2 paise, after which the dollar is trading at the level of 270 rupees 10 paise in the interbank.
According to economists, the boom in the stock market and the stability in the rupee reflect the confidence of investors.
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