Pakistan Stock Exchange (PSX) has seen a positive trend as Karachi Stock Exchange (KSE) 100 Index crossed 40000 points.
KSE 100 Index reached at 40,048 points after gaining 777 points. However, the last time, PSX was traded above 40,000 points was October 4 this year.
Yesterday, KSE 100 Index gained 1556 points and reached to 39,271 points. However, 4.13% increase is observed in index as the stock market opened on Wednesday.
The US dollar has also seen a fall of Rs1.21 against the Pakistani Rupee in the interbank market. However, the USD to PKR ratio observed at Rs132.7.
The positive trend observed after PM Imran Khan secured $6 billion Saudi loan from Saudi Arabia on an annual basis. However, it will be for one year in the form of cash assistance and oil on deferred payments.