KARACHI: The Pakistan Stock Exchange (PSX) opened on a positive note on Wednesday, while the rupee strengthened further against the US dollar, pushing the greenback to its lowest level in six months.
At the start of trading, the benchmark KSE-100 Index gained 499 points, reaching 161,600 points, reflecting improved investor confidence and a bullish trend across key sectors.
This marks the third consecutive session that opened with an upward trajectory, although previous sessions saw mixed results as profit-taking pulled the market down by closing time.
On Tuesday, the market had also opened positively but slipped into negative territory in the final session, causing investors to face heavy losses amounting to billions of rupees.
Meanwhile, the Pakistani rupee continued to recover in the interbank market. According to the Exchange Companies Association of Pakistan, the dollar depreciated by 7 paisas, trading at Rs280.90 in the interbank session — the lowest rate in the past six months.
Market analysts attribute the positive sentiment in equities and currency markets to improved economic indicators, increased foreign inflows, and expectations of policy stability in the coming weeks.
