Bulls rule PSX amid positive indicators
Business
The KSE-100 index rose by 900 points in the early morning trading to 114,029 points
KARACHI (Dunya News) – Bullish trend continued on the Pakistan Stock Exchange (PSX) for the second consecutive day on Wednesday.
The KSE-100 index rose by 900 points in the early morning trading to 114,029 points.
The positive trend in the stock market was driven by several factors, including the $40 billion investment partnership with the World Bank, rise in crude oil prices at global level and Pakistan’s textile exports, and investors’ interest in fertiliser, cement and banking sectors.
The PSX remained in positive zone on Tuesday as the KSE-100 index closed at 113,088 points, an increase of 1,344 points.
DOLLAR APPRECIATES
Meanwhile, the dollar appreciated against Pakistani rupee by three paisas in the interbank market to Rs279.30.
