PSX surpasses historic milestone, reaches 71,500 points

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PSX surpasses historic milestone, reaches 71,500 points
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The Pakistan Stock Exchange (PSX) achieved a historic milestone in the nation's financial history on Monday.

Investors celebrated as the PSX surpassed the significant benchmark of 71,500 points for the first time, marking a notable moment in the country's economic landscape.

The optimistic atmosphere prevailed as the KSE-100 index surged by over 740 points, reaching a record high of 71,650 points, showcasing the resilience and positive outlook within the Pakistani financial market.

This notable accomplishment demonstrates investors' confidence in the country's economic potential and indicates promising growth prospects in the coming years.

The KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a minor decline on Friday, losing 60.92 points, representing a marginal decrease of 0.09 percent, and concluding at 70,483.66 points.

Concurrently, the US dollar saw a decrease in value against the Pakistani rupee in the foreign exchange market.

According to currency traders, at the onset of the trading week, the rupee strengthened further in the interbank market, with the US dollar depreciating by 11 paisas to Rs278.20.

 

Pakistan State Time is a versatile digital news and media website that covers all latest news developments on 24/7 basis.

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