KARACHI: The Pakistan Stock Exchange continued its bullish trend, with the 100-Index reaching 167,229 points at the start of trading, marking a gain of over 500 points.
At the close of trading last Friday, the index had risen by 1,304 points, ending at 166,677 points. The value of the Pakistani rupee strengthened as the US dollar weakened.
According to the Exchange Companies Association, the dollar traded at PKR 280.45 in the interbank market, down by 5 paisa. Positive momentum in the stock market reflects growing investor confidence, while the decline in the dollar has slightly boosted the rupee’s value.
