Positive trend at stock exchange as KSE-100 index rises
1.
The KSE-100 index saw an increase of 123 points, and traded at 75,207 points at the close of business. At the start of business, the index saw an increase of 100 points, trading at 75,185 points.
This upward movement reflects a positive market sentiment and investor confidence in the early hours of trading.
Meanwhile, the US dollar continues its upward trend in the interbank market. The value of the dollar increased by 5 paisas, reaching Rs278.35. This rise in the dollar's value reflects ongoing fluctuations in the currency market and the economic factors influencing exchange rates.
On Monday, the PSX witnessed a positive trend, with the KSE-100 index showing a notable increase. The index rose by 200 points, reaching a high of 75,540 points, reflecting investor confidence and a bullish market sentiment.
The rise in the KSE-100 index signifies robust trading activity and an optimistic outlook for the near future. At the end of last week, the stock market closed at 75,342 points.
In parallel financial news, the value of the dollar saw a slight increase in the interbank market. The dollar appreciated by four paisas, bringing its value to Rs278.25. This minor fluctuation in the exchange rate indicates ongoing adjustments in the forex market, influenced by various economic factors.
The dollar closed at Rs278.21 at the end of last week's trading.
