Stock Exchange Goes Up, Rupee Gains Strength
Hours after Saudi Arabia agreed to provide Pakistan three billion dollars for a year as balance-of-payments support and a one year deferred payment facility for import of oil up to three billion rupees, a certainty is being observed in the market today.
Pakistan Stock Exchange is on an upward trajectory in morning trading.
The KSE-100 index, which closed in red by plunging 630.52 points to settle at 37,714.90 on yesterday, has gained over 1556 points.
The index stood at 39,271.12 points around 4: 00 pm with four percent change after the investors showed interest in the market after days-long bearish trend.
Meanwhile, the Pakistani Rupee gained strength against US Dollar. In the interbank the dollar is now trading around 132 Rupees against 133.90 Rupees yesterday.