Karachi: After the sharp decline of the previous day, the Pakistan Stock Exchange has started trading with a huge rally.
On Friday, the stock exchange started trading with a surge of 342 points, on which the 100 index rose to 106617 points, while after some time, the market saw a surge of 1084 points.
Due to the continuous surge, the Hundred Index is trading at 107359 points.
On the other hand, the value of the dollar in the interbank market fell by 07 paise to 278.28 rupees.
It should be noted that yesterday, due to the adjustments of companies at the end of the calendar year, panic selling and the increasing trend of profit taking, the Pakistan Stock Exchange also witnessed a historic decline during the third session and all previous records of decline in one-day trading were broken.
The historic decline also caused the index to fall below five psychological levels of 111,000, 110,000, 190,000, 180,000 and 170,000 points, causing a 78.60% drop in share prices while investors lost another Rs. 541 billion, 922 million, 33,430.
