The Pakistan Stock Exchange (PSX) witnessed a significant rally at the start of trading today, with the benchmark 100 Index reaching an all-time high.
For the first time in history, the index crossed the psychological barrier of 85,000 points, recording a rise of 484 points to close at 85,433, marking a 0.62 per cent increase.
Moreover, the interbank market saw the Pakistani Rupee strengthen slightly against the US Dollar, with the greenback trading at Rs277.55 after a 9-paisa decrease. This follows yesterday’s slight uptick in the dollar rate, which closed at Rs277.64.
In yesterday’s session, the 100 Index reached a new high of 85,047 points, closing with a massive gain of 1,378 points at 84,910. Over 449.5 million shares were traded, with a turnover exceeding Rs30 billion, pushing the market capitalisation to a record Rs11,077 billion, up by Rs197 billion.
