The dollar in the currency market became 10 paisa cheaper, while the stock market’s 100 index closed 487 points higher at 30954 points.
The first trading day after the holidays, the further decline in the value of the dollar, the stock market also recorded a sharp rise, the dollar will be 10 paisa cheaper in the currency market.
However, the stock market index of Pakistan closed at 30954 points after 487 points. According to details on the first day of the business week nationwide decrease in dollar price.
The stock market recorded a sharp uptrend. The rupee once dominated the US currency in the open market nationwide on the first day of the week.
In the open market, the dollar decrease 10 paisa to close at Rs 156.50. On the other hand, the first trading day of the week in Interbank decreases dollar 8 paisa.
Now dollar in Pakistan is 156.30.
Remember that on the first two days of this week, markets are closed due to public holidays on Monday and Tuesday. Meanwhile, the Pakistan stock market once again gains improvement.
The market saw a strong 487 points rise in the 100 index. The Pakistan stock market index was up 1.58% during the first trading day of the week.
The 100 index closed at 30954 points.
It is to be noted that price of dollar was increasing day by day since last year. But in these days dollar is coming down in Pakistan. Rate of decrease is very slow but it is steady.