PSX starts new week with strong gains, reaches record high |
The Pakistan Stock Exchange (PSX) opened new business week with significant gains, hitting fresh high on Monday ahead of the announcement of the monetary policy by the State Bank of Pakistan (SBP).
During early session, the KSE-100 index gained 997 points to reach all-time high of 170,862 points compared to previous close of 169,864.52 points.
Meanwhile, the downward trend in the value of the US dollar continues as it dropped by 2 paisas in the interbank market, reaching a new price of Rs280.30. According to the Exchange Companies Association, the decrease marks another step in the ongoing reduction in the dollar’s value.
The decline comes amid........