KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) on Friday set a new record by soaring past 83,000 mark.
The KSE-100 gained 319 points to rise up to 83,041 points in early morning trade.
Recent positive indicators – decline in inflation, State Bank’s policy rate cut, first tranche of loan issued by the IMF – contributed to the upbeat sentiment of investors.
On Thursday, the PSX recorded a tremendous boom throughout the day and KSE-100 closed at 82,721 points after an increase of 754 points.
DOLLAR DEPRECIATES
The positive sentiment was also witnessed in the currency rating as US dollar has been sliding continuously in the interbank trade.
The greenback depreciated 24 paisa to 277.50.