Stock Market Surge as Dollar Rate Falls Sharply in Pakistan

The stock market surge continued in Pakistan on Thursday. The market showed strong growth, and the index crossed the 170,000 mark once again.

The trading day started with a big rise. The 100 Index gained 834 points. It moved up to 170,286 points. This rise showed high investor confidence.

On the previous day, the index closed at 169,472 points. Today’s strong opening pushed it further up.

Read Also: Stock Market Rises as Dollar Becomes Cheaper in Pakistan

At the same time, the dollar rate dropped. According to the Exchange Companies Association, the dollar fell by 7 paisas in the interbank market. Its new price is now 280 rupees and 30 paisas.

The fall in the dollar and the rise in the stock market brought positive news for the business sector.

In the end, this stock market surge reflects strong market activity and better economic sentiment in Pakistan.