KARACHI: The Pakistan Stock Exchange 100 index reached a new record, going above 66,000 points with a gain of over 1,400 points.
Stock market surges
Today, the market is doing well from the start of the last day of the business week, and at one point, the 100 index was trading up 1436 points at 66155.
Speaking at an event in the Pakistan Stock Market, Caretaker Prime Minister Anwarul Haq Kakar mentioned that the stock exchange plays a crucial role in the country’s economy.
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Due to economic improvements, the stock market has grown by 40% since September. In September, the value of the dollar was 307 rupees, but today it is around 284.
He mentioned that the country’s money matters had a lot of problems this year. The deal with the IMF made investors feel sure about things. Because the economy got better, there is a pattern in the stock market.