PSX continues to record highs, 100 Index crosses new milestone

Karachi: The Pakistan Stock Exchange (PSX) is still bullish today, due to which the 100 Index reached a new high.

On Thursday, the market opened with a gain of 344 points, which led to the Index reaching 117,352 points. Later, the KSE 100 Index gradually increased by 960, 1,121, and 1,282 points.

After an increase of 1,282 points, the Index crossed the highest level of 118,000 points and reached 118,220 points for the first time.

It is pertinent to note that the 100 Index crossed a new high level on the Pakistan Stock Exchange yesterday as well. On the previous trading day, the 100 Index remained in the band of 2,621 points, however, at the end of the trading, the 100 Index closed at 117,008, up 1,881 points.

US Dollar

On the other hand, the dollar became cheaper by Rs0.5 again in the interbank market today at the start of business, trading at Rs278.50 in the interbank market.