Positive trend in PSX; Dollar value slightly increases
Positive trend in PSX; Dollar value slightly increases
Karobar
The Pakistan Stock Exchange (PSX) witnessed a positive trend today, 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.
Financial analysts attribute this upward movement to several factors, including improved investor sentiment and positive market developments. 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.
On the other hand, the International Monetary Fund (IMF) says that the rupee will have lost 18% of its value by June next year. According to IMF estimates, the rupee will have lost 18% of its value by June next year, falling to Rs329.
