Pakistan Stock Exchange: 100 Index rises despite terrorist attack
KARACHI: The Pakistan Stock Exchange (PSE) witnessed an increase in business activities despite a terrorist attack last week, with the 100 Index gaining 1,111 points.
According to the details, despite the terrorist attack on the Pakistan Stock Exchange last week, investors’ confidence was restored, the 100 Index increased by 1,111 points during the last week.
During the week, the dollar depreciated by Rs 1.45 paise in the interbank market, after which the dollar fell by Rs 1.45 paise to Rs 166.21 paise.
It may be recalled that on Monday, the first day of the business day last week, terrorists attacked the Pakistan Stock Exchange. Seven people, including a sub-inspector, were martyred in a grenade attack and firing while four terrorists were killed.
Even during the attack, business activities inside the market continued without any loss, thus the attempt to attack the economic arm of the hostile elements failed.
The 100 Index has been steadily rising since the day after the attack, with the 100 Index closing 0.35 percent higher at 35,051 points on Friday, the last day of the business week.
17.57 crore shares worth Rs 6.74 billion were also traded yesterday.