Huge rally in PSX, limit of 162,000 restored

Karachi: The Pakistan Stock Exchange (PSX) recorded a strong rally after several days of decline, while the dollar also became slightly cheaper.

On the second day of the business week, the stock market continued to trend bullish. The 100 Index rose by 3,743 points at the start of trading, making the index trade at 162,187 points.

Yesterday, the index fell by more than 5,000 points due to a sharp decline in the stock market, which cost investors billions of rupees.

On the other hand, according to the Exchange Companies Association, the value of the dollar has decreased. After falling by Rs0.6 in the interbank market, the dollar has become Rs281.10.