The Pakistan Stock Exchange, PSX 100-Index has witnessed a significant rise since the start of today’s trading session. The KSE-100 Index gained 500 points to reach 92,525 points.
This significant increase came after the index closed at 92,021 points, down by 282 points at the end of Thursday’s trading.
On the other hand, the situation in the currency market is static. Pakistani rupee price slightly enhanced against the US dollar. US dollar rates dropped by four paisas in the interbank market, closing at Rs277.85.
On the previous business day, the dollar closed at Rs277.89 in the interbank market.
Many analysts believe that Trump’s victory in the US Presidential Elections helped PSX 100-Index to gain positive momentum. The other factor is investors raising confidence and stable economic signals.
The analyst expects more positive gains in the future.
