KARACHI: The Pakistan Stock Exchange (PSX) opened the week with strong momentum, as the benchmark KSE-100 Index gained 993 points to reach 162,625 points during early trading on Monday.
The market’s upward trend continues from last week, when the index crossed several key levels and 372 companies’ shares rose, while 77 declined. Analysts attribute the ongoing rally to renewed investor confidence and positive market sentiment amid expectations of economic stability.
On the currency front, the Pakistani rupee strengthened slightly against the US dollar. According to the Exchange Companies Association, the interbank rate edged down by one paisa, with the dollar trading at Rs. 280.90.
The combination of a stronger stock market and a stable currency is being seen as a positive start to the new trading week.
