Abb Takk News

PSX Gains 243 Points on Last Day of FY2021-22

KARACHI: The last trading session of the fiscal year 2021-22 saw the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) close just above the 41,500 level amidst volatility as the bourse managed to churn in decent volumes in the past week. Investors preferred to stay on the sidelines before they take fresh positions in the new fiscal year.

Continuous recovery of Pakistani rupee against the US dollar in the inter-bank market coupled with the approval of the federal budget for 2022-23 boosted investor confidence.

At close, the benchmark KSE-100 index closed at 41,540.83 points with a gain of 243.1 points or 0.59%.