PSX sees huge rally, Index rises by over 3,000 points

Karachi: The Pakistan Stock Exchange (PSX) is witnessing a strong rally during trading on Monday.

On the first day of the trading week, the PSX 100 Index witnessed a positive rally since the beginning of the day, and at one point the index saw an increase of more than 3,000 points. The 100 Index was seen trading at 114,440 points with an increase of 3,088 points.

Even at the time, the PSX 100 Index is trading at 114,458.

It is pertinent to note that on the last day of the last trading week, the 100 Index also ended trading at 111,351 points after an increase of 927 points.

During the trading day, the 100 Index remained in the band of 1,796 points, 815 million shares were traded in the stock market at Rs32.9 billion, while the market capitalization was Rs14,126 billion after an increase of Rs112 billion.

US Dollar

On the other hand, the dollar continues to decline in the interbank market.

On the first day of the business week, the US currency weakened by another Rs0.7 in the interbank market, with the dollar trading at Rs278.40, down from Rs278.47.