Pakistan

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

Published by
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

Recent Posts

PTA warns users against sharing unlawful online content

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…

8 hours ago

Iranian President lauds Pakistan’s peace efforts during key meetings

ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…

9 hours ago

Govt approves reduced property tax rates, new income tax slabs for salaried class

ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…

10 hours ago

CDF Asim Munir meets Iranian President, discusses regional situation following US-Iran talks

RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…

11 hours ago

Solar panels, batteries rates drop amid reduction in petrol price

LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…

11 hours ago

SBP announces two bank holidays

ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…

12 hours ago