The Pakistan Stock Exchange (PSX) started trading with limited bullish trend as KSE-100 Index increased by 55 points and benchmark reached 46477 points.
The Pakistan Stock Exchange (PSX) has carried out the re-composition exercise for the KSE-100 index based on a review of data from March to August.
The changes in the constituents of the KSE-100 index, which consist of the 100 largest companies listed on the PSX based on the free-float methodology, will take effect on October 2.
The incoming four companies are BankIslami Pakistan Ltd, Bestway Cement Ltd, Pakgen Power Ltd and Saif Power Ltd. The outgoing four firms are Airlink Communication Ltd, Atlas Honda Ltd, Honda Atlas Cars Ltd and Pak Suzuki Motor Company Ltd.
On the other hand, the US dollar continued its downward spiral against the Pakistani rupee today, hitting a new low of 290 rupees 90 paisas in the interbank exchange, signaling a strengthening of the local currency.
This comes as a part of a broader trend in which the rupee has been gaining ground against the greenback in recent weeks, owing to the government's crackdown on the so-called "dollar mafia".
