Stock Market Rises as Dollar Becomes Cheaper in Pakistan
The Pakistan Stock Exchange opened with a positive trend. The index again touched the level of 163,000 points. At the same time, the dollar also became cheaper.
The market showed strong momentum on the last working day of the week. The 100 Index increased by more than 400 points. After this rise, the index reached 163,357 points.
On the previous trading day, the index closed at 162,936 points.
Read Also: Hubco Achieves Key Milestone in Thar Power Projects
The dollar also lost value against the Pakistani rupee. According to the Exchange Companies Association, the dollar fell by 5 paisas in the interbank market. Its new price became 280 rupees and 60 paisas.
The stock market remains stable, and the dollar becomes cheaper in the end as well.