KARACHI – Pakistan Stock Exchange registered yet another big rise on thirdconsecutive day.
PSX for the third consecutive session registered sharp rise of 2.3 percentover the reports that soon brotherly countries would also announcefinancial assistance for the country help bailing out from the economicmess boosting sentiments of the local mutual funds, banks and high networth individuals.
However dollar movement at interbank was quite slow. It closed at 132.30level as due to weakened importers and exporters stayed away from themarket.
In open market dollar moved in a range of 131.30 to 131.80 level.
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The market during the first session move both ways as there was no positivenews which changed the pattern. However following the opening of secondsession the market received news that high power delegation from the UnitedArab Emirates has arrived and would talks with the Finance Minister AsadUmar and would explore investment possibilities.
