KARACHI: On the last business day of the year, the stock market graph was higher while the rupee remained stable.
The Pakistan Stock Exchange continued its bullish streak on Friday despite high levels of leverage at the end of the calendar year, with the index crossing two levels of 62,100 and 62,200 points.
Due to the boom, 58% share prices increased while the value of shares increased by 59 billion 20 crore 55 lakh 44 thousand 677 rupees.
Experts say that the end of the year is due to fresh investments by far-sighted investors, with the possible influx of foreign investment at the end of the first week of January during the Christmas holidays and the forecast of a slight decrease in the inflation rate next month. The session ended abruptly.
Also read: Dollar lower in interbank, value marginally higher in open market
At the close of business, the KSE 100 index closed at the level of 62,451.04 points with an increase of 398.81 points.
Meanwhile, on the last day of the calendar year, the rupee continued to depreciate against the dollar. At the close of business, the interbank rate of the dollar closed at the level of 281 rupees 86 paise at the close of business, but on the contrary, the value increased by 4 paise to the level of 282 rupees 72 paise in the open currency market. But closed.
Besides, the price of 24-karat gold per tola decreased by Rs. 1900 to Rs. 220,900 and the price of gold per ten grams decreased by Rs. 1,629 to Rs. 189,386.