KARACHI: The Pakistan Stock Exchange (PSX) continued to show signs of recovery on the first day of the business week, while the value of the US dollar further declined in the interbank market.
Trading at the PSX began on a negative note; however, sentiment improved shortly afterward and the market moved into positive territory.
The benchmark KSE-100 Index gained 18 points to trade at 171,422 points. Last week, sustained bullish momentum had pushed the index to its highest level in the country’s history.
Meanwhile, the downward trend in the dollar persisted in the interbank market. According to the Exchange Companies Association of Pakistan, the US dollar depreciated by 5 paisas, bringing its interbank rate down to Rs 280.20.
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