The Pakistan Stock Exchange (PSX) experienced a positive start to the business week, with the KSE-100 index maintaining its momentum throughout the trading session. The index fluctuated within a range of 601 points during the day, ultimately closing at 49731, reflecting a gain of 238 points.
In today’s stock market activity, a total of 46 crore shares were traded, amounting to transactions worth 14 billion rupees. The market capitalization increased by Rs 30 billion, reaching a total of Rs 7316 billion.
Meanwhile, the Pakistani Rupee continued its appreciation against the US Dollar for the 28th consecutive day. In the interbank market, the dollar depreciated by 79 paisa, settling at Rs 276.83. This marks a notable decline from its value of Rs 277.62 in the previous business day. Notably, the dollar has witnessed a significant decrease of around 11 rupees in just 11 business days of October and has lost over 30 rupees in the past 28 days.
In the open market, the dollar maintained its value at Rs 277, further contributing to the overall positive sentiment in both the stock and currency markets.
Key Points:
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PSX Performance: The Pakistan Stock Exchange observed a positive trend, with the KSE-100 index gaining 238 points and closing at 49731.
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Trading Activity: A total of 46 crore shares were traded during the trading session, involving transactions valued at 14 billion rupees.
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Market Capitalization: The market capitalization increased by Rs 30 billion, reaching a total of Rs 7316 billion.
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Rupee Appreciation: The Pakistani Rupee continued its appreciation against the US Dollar for the 28th consecutive day, with the dollar depreciating by 79 paisa in the interbank market.
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Dollar Exchange Rate: In the open market, the dollar maintained its value at Rs 277, contributing to the overall positive sentiment in the currency market.
The positive performance in both the stock and currency markets reflects a favorable business environment, with investors responding to the stability and growth prospects in the financial landscape.
