Business
Boom in PSX as interest rate falls
The second day of the business week saw an increase of 508 points in the stock market with the 100-Index trading at a level of 73,760 points
Karachi: The Investors' confidence started to recover after the reduction of interest rate by the State Bank of Pakistan (SBP). There is a bullish trend in the Pakistan Stock Exchange (PSX) today (Tuesday).
The second day of the business week saw an increase of 508 points in the stock market with the 100-Index trading at a level of 73,760 points in the stock market.
It is pertinent to note that the stock market witnessed a decline during the business yesterday. With a decrease of 501 points, the 100-Index closed at the level of 73,252 points.
US Dollar
On the other hand, the value of the US dollar in the interbank market continues to improve.
On the second day of the business week, the US currency rose by Rs0.27 at the interbank level, with the dollar trading at Rs278.60 at the interbank level.