KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Monday saw a bullish trend in early morning trade.
On the first day of the business week, the KSE-100 index increased by 529 points to the level of 79,862 points.
Positive indicators last week spurred the PSX into positive zone after uncertainty. The PSX ended in a positive zone on Friday with KSE-100 index at 79,333 points after an increase of 315 points as the State Bank slashed interest rate by 2 percent and the IMF agreed to add the loan deal with Pakistan in its board meeting on September 25.
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Meanwhile, Pak rupee also gained strength against the US dollar in interbank trade.
The greenback depreciated by 16 paisas, falling to 278 from Rs 278.16 in the morning trade.