ISLAMABAD: The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday as the benchmark KSE-100 Index reached an all-time high, reflecting strong investor confidence and positive market sentiment.
Trading began on a positive note, with the KSE-100 Index gaining 417 points in the early session to touch a historic level of 172,221 points. The rally follows strong performance in the previous session, when the index closed at 171,804 points after significant gains.
Market analysts attribute the ongoing surge to improved macroeconomic indicators, expectations of economic stability, and increased participation from institutional investors.
Meanwhile, the rupee showed signs of stability against the US dollar. According to the Exchange Companies Association of Pakistan, the dollar weakened by 6 paisas in the interbank market and was traded at Rs 280.20.
The simultaneous rise in the stock market and easing pressure on the dollar are being viewed as encouraging signs for the country’s financial outlook.
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