Pakistan Stock Exchange makes historic achievement
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The KSE-100 index has maintained a positive trajectory for the 10th consecutive day, culminating at 49,069.57, marking a substantial increase of 297 points. This sustained growth has been attributed to several factors, one of which is the remarkable strengthening of the Pakistani Rupee in comparison to the American currency.
This phenomenon has significantly invigorated trading activities on the Pakistan Stock Exchange (PSX).
The Pakistani Rupee has exhibited an impressive winning streak against the US Dollar, particularly in interbank trading. As of Friday, it achieved a rate of R277.78, denoting an uptick of 78 paisas.
Notably, this persistent rise in the value of the Rupee against the American currency has continued unabated for 30 consecutive days.
In summary, the positive performance of the KSE-100 index over a 10-day period, the Rupee's strengthening against the US Dollar, and the subsequent impact on the Pakistan Stock Exchange collectively underscore the remarkable economic dynamics in the region. As of Friday, the USD to PKR interbank rates reached a noteworthy Rs277.78.
