Wednesday August 03, 2022

Splendid Bearish Trend At PSX As 935 Points Increased In 100 Index

Karachi: The Pakistan Stock Exchange (PSX) saw fastest trend on Wednesday today as 100 index crossed limits of 41,000.

After an increase of 935 points the market is being traded on 41, 126.

An uptick of 2. 33 percent recorded in the market.

Earlier today, the USA dollar saw huge blow on Wednesday after its value depreciated by Rs 9.38 paisa in the inter bank market and its price reached Rs 229.

On the other hand, the greenback price in the open market decreased by Rs 10 and its price lowered to Rs 230.

It is pertinent to mention here that IMF has said that Pakistan has fulfilled last advance condition of seventh and eighth review by increasing Petroleum Development Levy (PDL).

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