KARACHI: The Pakistan Stock Exchange (PSX) witnessed another strong rally today, with the benchmark index once again surpassing the 170,000-point mark.
Simultaneously, the rupee continued its upward trend against the US dollar, signaling positive momentum in both the equity and currency markets.
On the fourth trading day of the business week, the stock market opened on a highly bullish note, with the 100-index gaining 637 points, reaching 170,089 points.
For comparison, at the close of the previous trading session, the 100-index had stood at 169,451 points, reflecting consistent investor confidence.
Meanwhile, the US dollar continued its gradual decline in the interbank market. According to the Exchange Companies Association, the dollar fell by 2 paisas, bringing the interbank rate to Rs. 280.37, further demonstrating the strengthening position of the local currency
The dual trend of rising equity indices and a stronger rupee highlights growing optimism in Pakistan’s financial markets, attracting both local and foreign investor interest.
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