Business

Pakistan Stock Exchange hits high as dollar continues to fall

Published by
Abdul khalique

ISLAMABAD: The bullish trend at the Pakistan Stock Exchange (PSX) continued, with the benchmark index touching the highest level in the country’s history, while the value of the US dollar also declined in the exchange market.

On the last trading day of the business week, trading at the stock exchange began on a positive note. During the early session, the 100-Index gained 417 points to reach a record high of 172,221 points.

A strong rally was also witnessed in the market a day earlier, when the index closed at 171,804 points at the end of trading.

Meanwhile, the downward trend in the US dollar persisted. According to the Exchange Companies Association, the dollar fell by six paisas in the interbank market, bringing its price down to Rs280.20.

Abdul khalique

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