ISLAMABAD: The Pakistan Stock Exchange (PSX) created history on the first day of the business week as the benchmark KSE-100 Index reached its highest-ever level, while the US dollar also weakened against the Pakistani rupee in the exchange market.
The stock market witnessed strong bullish momentum at the opening of trading, with the KSE-100 Index surging by 997 points. This rally pushed the index to a record high of 170,862 points for the first time in the country’s history.
At the close of the previous trading week, the index had settled at 169,865 points.
Meanwhile, the downward trend in the value of the US dollar continued. According to the Exchange Companies Association, the dollar depreciated by 2 paisas in the interbank market, bringing its price down to Rs 280.30.
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