The Pakistan Stock Exchange has reached a new record, surpassing the 87,000 mark for the first time ever. On the third day of this business week, the 100 Index rose by 646 points, setting a new high of 87,113.
While the stock market is showing a positive trend, it’s important to note that nearly half of the shares, around 49%, actually experienced a drop in their prices. Despite this, the overall market performance remains strong.
In addition to the stock market news, the value of the US dollar slightly decreased against the Pakistani rupee. The dollar fell by 4 paisas in the interbank market, bringing its new value to Rs. 277.70.
This combination of a rising stock market and a small drop in the dollar’s value reflects ongoing growth in Pakistan’s financial markets, as well as adjustments in currency exchange rates.
American Dollar Exchange Rate