Pakistan Stock Exchange breaks four-year record of trading

KARACHI: Pakistan Stock Exchange (PSX) has broken the four-year record of trading as the hundred index gained 283 points and closed at 41,166 (+0.71%).

According to the details of Baaghi TV, eighty-two crore shares worth Rs 24 billion were traded in the stock market, the last time the stock exchange saw a surge was in October 2016.

On the other hand, after receiving USD 505.5 million from the World Bank, Pakistan’s foreign exchange reserves have reached the level of USD 19.56 billion.

According to State Bank of Pakistan (SBP), for the week ended July 30, the country’s foreign exchange reserves increased by USD 657.7 million taking the total to USD 19.56 billion. Moreover, the SBP reserves increased by USD 566.6 million reaching up to USD 12.54 billion and the reserves of commercial banks increased by 84.1 million to USD 7.2 billion.

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