Karachi (Turk Khabar): The upward trend at the Pakistan Stock Exchange continues, while a decline in the value of the US dollar has also been recorded in the currency market, boosting investor confidence.
On the second day of the business week, trading at the stock market began on a positive note. During the early trading session, the KSE-100 Index surged by 577 points to reach the level of 171,781 points.
It is worth recalling that the previous trading day witnessed a mixed trend in the stock market, with the KSE-100 Index closing at 171,204 points.
Meanwhile, according to the Exchange Companies Association, the US dollar continues to weaken. In the interbank market, the dollar fell by 2 paisas to trade at Rs 280.20.
Economic experts believe that the improvement in the stock market along with the decline in the dollar’s value is being viewed as a positive sign for the overall economy.
