There is an upward trend in the Pakistan Stock Exchange today. After a gap of 70 days, the Pakistan Stock Exchange has crossed the 48,000 points mark.
The Pakistan Stock Exchange continues to witness a consecutive seventh session of growth. It is trading at 48,030 points with a gain of 307 points in the hundred-index.
On the other hand, the effects of the crackdown against mafia activities are becoming evident, and there is an ongoing decline in the value of the US dollar. The interbank rate for the dollar has decreased by 1.05 rupees, reaching 280.60 rupees.
As a result of the crackdown on illegal currency trading and smuggling, there is a surplus of 900 million dollars in the open market, which has been collected by banks.