In an unprecedented move, the Pakistan Stock Exchange (PSX) has shattered previous records, with the 100 Index soaring past the 72,000 mark. This historic milestone marks the first time the index has breached this psychological barrier.
The bullish trend was evident on Wednesday, as the PSX’s 100 Index surged by a staggering 1,048 points, settling at an all-time high of 72,407 points. This robust performance underscores the strength and resilience of Pakistan’s financial markets.
Simultaneously, the US dollar experienced a slight dip in the interbank market. The greenback’s value fell by 8 paisas at the start of trading, bringing it down to 278 rupees and 30 paisas. This drop follows the previous day’s close at 278 rupees and 38 paisas.
This news highlights the dynamic nature of the financial markets, where the PSX’s record-breaking performance and the dollar’s slight depreciation have created a buzz among investors and market watchers alike. As the PSX continues its upward trajectory, all eyes are on how these trends will shape the future of Pakistan’s economic landscape.
