Supported by the hope that a deal with the International Monetary Fund (IMF) will go through after the global lender mentioned Pakistan in its board meeting set for September 25, the Pakistan Stock Exchange (PSX) also saw a rising trend in the final day of trading.
The KSE-100 index reached a record 82,317 points on Friday as the stock market went beyond the 82,000-point barrier after rising 858 points on Friday.
But in the interbank market, the US dollar is still losing value compared to the Pakistani rupee, trading at Rs277.70 after shedding Rs0.21.
As the KSE-100 index hits an all-time high of 81,972 points, bulls are on the march.
The Pakistan Stock Exchange has been trending upward in the previous several days, helped by the expectation that the International Monetary Fund (IMF) will approve money during its executive board meeting on September 25.
After rising more than 1,500 points in the first half of Thursday, the KSE-100 index now stands at 81,972 points.
The KSE-100 index hit 81,939 points on July 19, 2024, and that must be kept in mind.
