KARACHI: The Pakistan Stock Exchange (PSX) continued its positive momentum, showing signs of stability as the local currency strengthened against the U.S. dollar.
On the fourth day of the trading week, the market opened on a positive note, with the KSE-100 Index gaining 838 points, bringing it back to the 164,027 level.
The previous trading session had also ended on a bullish note, with the index closing at 163,189 points.
Meanwhile, the foreign exchange market reflected a slight easing in the dollar’s value. According to the Exchange Companies Association, after a reduction of six paisas, the interbank exchange rate for the U.S. dollar fell to Rs 280.50.
This development shows a period of market stability and investor confidence, with gains in equities complemented by a modest appreciation of the Pakistani rupee.
Analysts suggest that continued domestic economic reforms and market optimism have contributed to this positive trend in both the stock and foreign exchange markets.
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