Bullish trends continues in Pakistan Stock Exchange
- By Web Desk -
- May 30, 2019
KARACHI: The bullish trend in Pakistan Stock Exchange (PSX) remained consistent on Thursday after the benchmark KSE-100 index went up by 92.18 points.
The current index was 36,051.61 points with a 0.26% change.
After closing on an upward trajectory a day before, the KSE-100 had gained 1,010 points. About 151 million shares were traded with a value of Rs7.19 billion.
On Wednesday, the rate of dollar also went down against the Pakistani currency as it reached below the price of Rs 150 in the interbank market.
Read More: ‘Boycott dollar’ trends on Twitter in Pakistan amid devaluation of rupee
The dollar slid down by 92 paisa in interbank market yesterday.
In past weeks, the dollar touched a record high as it reached the level of Rs153 against the greenback on May 21.
It may be noted that the Pakistani rupee went into free fall following the finalization of a three-year bailout with the International Monetary Fund (IMF) for $6 billion.