KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong rally as the benchmark KSE-100 Index climbed by 2,543 points, crossing the 159,000-point mark to close at 159,276 points.
This rebound comes after a volatile week in which the index had dropped by 1,732 points in the previous session, falling below the 156,000 level. The sharp rise today reflects renewed investor confidence and improved market sentiment.
On the currency front, the Pakistani rupee showed minor gains against the US dollar. According to the Exchange Companies Association of Pakistan, the dollar slipped by 2 paisas in the interbank market to trade at Rs 280.90.
Market analysts attribute the upward momentum to positive investor expectations, stable economic signals, and easing concerns over currency fluctuations.
Comments are closed.