Positive trend in PSX after record decline, 116,000 points limit restored

Karachi: After the record decline of the previous day, a positive trend was seen in the Pakistan Stock Market during trading today.

The stock market witnessed a huge boom at the start of trading on the second day of the business week, with an increase of more than 1,500 points and the 100 Index of the Pakistan Stock Market touching the mark of 116,424 points.

It is pertinent to note that at the end of the previous business day, the 100 Index of the Pakistan Stock Exchange closed at 114,909 points with a decrease of 3,882 points.

On the other hand, the value of the US currency decreased by Rs0.7 in the interbank market, to settle at Rs280.50.