PSX or Pakistan Stock Exchange is on a steady decay as KSE 100 Index watched another negative pattern today.
KSE 100 Index declined by over 883 points and reached at 33,087.58 points on Friday (today). Toward the start of the present week, the KSE 100 Index fell by 2.41% or 816 points to close at 33,900 points. Today, USD to PKR or Dollar rate in Pakistan is currently come to at Rs 149 in the interbank market. The Pakistani Rupee picked up by Rs 2.48 in the interbank market before hitting another high. As per money related experts, the Dollar rate in Pakistan will additionally increment by 15% to 20% till December 2019.
As per the market experts, the high offering weight is seen because of the most recent Pakistani Rupee devaluation occurred after the finishing of IMF bailout to Pakistan. On the opposite side, the Pakistani Rupee depreciation would severely affect income of the organizations listed at the PSX.