KARACHI: The Pakistan Stock Exchange (PSX) witnessed a continued bullish trend, with the benchmark index once again crossing the 170,000 mark. At the same time, the US dollar recorded a further decline in value.
On the fourth trading day of the week, the stock market showed strong upward momentum. At the start of the session, the KSE-100 Index gained 834 points, rising to 170,286 points. A day earlier, the index had closed at 169,472 points.
Meanwhile, the US dollar continued its downward slide. According to the Exchange Companies Association of Pakistan, the dollar fell by 7 paisas in the interbank market, bringing the exchange rate down to Rs 280.30.
The simultaneous rise in the stock market and decline in the dollar indicate improved investor confidence and positive market sentiment.
