Stock Market Rebounds After Three-Day Slump, Index Crosses 112,000 Mark; Dollar Also Declines.
After three consecutive days of decline, the Pakistan Stock Exchange witnessed a bullish trend as the index once again crossed the 112,000 mark. Meanwhile, the value of the US dollar also recorded a slight decrease.
On the fourth trading day of the week, the stock market opened positively, with the KSE-100 index gaining 515 points, pushing it above 112,000 points.
It is worth mentioning that the stock market has been experiencing a downturn for the past three days, causing a decline of thousands of points and resulting in losses for investors.
On the other hand, according to the Exchange Companies Association, the interbank exchange rate of the US dollar dropped by 7 paisas, bringing it down to Rs. 278.80.
