Pakistan

Currency update: PSX 100-Index jumps 980 points to 169,283 as dollar drops

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Abdul khalique

ISIAMABAD: There was a strong bullish trend in the Pakistan Stock Exchange (PSX), the index once again touched the mark of 100,69,000, on the other hand, a decline in the dollar value was also seen.

The stock market witnessed a huge rally on the second day of the business week. The 100 index recorded a 980-point increase at the start of trading, taking the index to 169,283 points.

The stock market had a positive trend yesterday as well, with the index closing at 100,38,303 points at the end of trading.

On the other hand, the dollar’s decline continues. According to the Exchange Companies Association, the dollar became cheaper by one paisa in the interbank market, bringing the dollar’s price to 280 rupees, 40 paisa.

Abdul khalique

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