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.
ISLAMABAD: According to SPARC, the new moon of Safar 1448 AH will be born today…
KOHAT: A residential house collapsed due to heavy rain in the Malgin area of Lachi…
ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…
DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…
ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…
ISLAMABAD: Pakistan's energy sector is headed for another high-stakes international commercial arbitration, with Petrosin CNG…