PSX hits historic high level of 59,086 points

ISLAMABAD (92 News) - The 100-index of Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 186 points and closing at 59,086 points against 58,899 points of the previous trading day.

During the trading, the market achieved the highest level of 59,502 points. The 100-index has witnessed an increase of 6,000 points since October 20.

Market former director Amin Yousaf said that the confidence of investors has increased after an improvement in the economic indicators. "The index will further improve if the policies are continued," he added.

On the other hand, the dollar rate increased by 50 paisa against the rupee and was closed at Rs286.50. In the interbank market, the dollar witnessed a 10-paisa evaluation and was closed at Rs285.37.