PSX sees huge rally, up by 1,000 points

Karachi: The 100 Index in the Pakistan Stock Market has recovered to the level of 115,000 points on Friday.

On the fifth and last day of the business week, a huge boom was seen at the start of trading.

During trading, the stock exchange increased by more than 1,000 points, with which the 100 Index in the Pakistan Stock Market touched the level of 115,138 points.

It is pertinent to note that the stock market also saw a boom on the fourth day of the business week, with an increase of 594 points. The 100 Index in the stock exchange closed at the level of 114,037 points.

On the other hand, the US currency has declined by another Rs0.7 in the interbank market to settle at Rs278.65 from Rs278.72.