The Pakistan Stock Exchange (PSX) achieved another milestone, the 100 Index crossed the 86,000-point mark for the first time in history.
On the third day of the business week (Wednesday), the 100 index broke its previous records. The bullish trend rocked the market, the index is trading at 86,245 points, marking a significant increase of 581 points.
The remarkable surge in the Pakistan Stock Exchange comes just a day after the 100 Index closed at 85,663 points, gaining over 753 points by the end of Tuesday’s session.
This milestone shows the exceptional run in October, with the 100 Index climbing more than 5,000 points in just six business days.
The US dollar decline continues
Meanwhile, the value of the US dollar continues to decline. On Wednesday, the US currency dropped by Rs0.7 in the interbank market, trading at Rs277.60 compared to Rs277.67 on the previous day.
