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KSE-100 index loses over 500 points, dollar rises to Rs202 in open market

News Desk by News Desk
May 23, 2022
in Business, Latest News, National, Top News
Reading Time: 1 min read
PSX remains under red zone; KSE-100 loses 388.62 points

KARACHI: On Monday, the pressure situation continued on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index shed more than 500 points during early hour trading.

After opening at 43,100 points, the index lost 400 points and by 12:30PM fell by 526 points. The situation occurred after Miftah Ismail, Finance Minister, went to Doha to re-initiate discussion with the International Monetary Fund (IMF) for the stalled $6 billion programme.

Meanwhile, the rupee lost Rs0.61 in value during intraday trading. The greenback climbed to Rs200.75. The dollar traded at Rs202 in the open market.

News Desk

News Desk

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