The Economy Is Set To Recover, The SBP Announced

• The Pakistan Stock Exchange (PSE) witnessed a sharp rise on the fourth day of the business week.
• During the fourth trading day, investors bought shares of various companies instead of selling them, which led to a sharp rise in the stock exchange.
• Value of the dollar has increased in the open market and a slight decrease has been seen in the interbank market.

Pakistan Stock Exchange (PSE) witnesses a sharp rise

Stock exchange surges, gains more than 600 points, restores 41,000

The Pakistan Stock Exchange (PSE) witnessed a sharp rise on the fourth day of the business week, with the Pakistan Stock Exchange (PSE) recording an increase of 653%, after which the psychological limit of 41,000 of the 100 index was restored.

According to media reports, during the fourth trading day, investors bought shares of various companies instead of selling them, which led to a sharp rise in the stock exchange, with the market gaining 653 points at the end of the fourth trading day. It closed at the level of 31 thousand points.

Interbank closing #ExchangeRate for today: https://t.co/X084efhMnE pic.twitter.com/jg4Lj8xsJ4

— SBP (@StateBank_Pak) November 26, 2020

Commenting on the sharp rise in the stock exchange, stock exchange analysts said that the rise in crude oil prices in the global market and the rise in the stock markets have led to a rise in the Pakistan stock exchange, which has also increased the total volume of capital.

On the other hand, the value of the dollar has increased in the open market and a slight decrease has been seen in the interbank market. The dollar closed at Rs 159.26 after falling one paise in the interbank market.

Also checkout : The Economy Is Set To Recover, The SBP Announced

The post Stock exchange gains over 600 points, restores 41,000 appeared first on Trends Of Pakistan.

from Trends Of Pakistan https://ift.tt/3lzw0J6
via IFTTT