PSX opens in bullish mode
Business
the KSE-100 index increased by 529 points to the level of 79,862 points
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.
DOLLAR
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.
