KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish trend, reaching an all-time high.
Meanwhile, the value of the US dollar declined in the interbank market.
On the third day of the trading week, the market opened on a positive note, with the benchmark KSE-100 Index rising by 650 points, surpassing the 150,000-point mark.
During the second trading session, the index climbed 1,243 points, reaching 151,000 points for the first time in history.
On the currency front, the US dollar weakened further in the interbank market. According to the Exchange Companies Association, the dollar dropped by 10 paisa, bringing its value to Rs. 281.86.
Analysts attribute the stock market surge to increased investor confidence following recent government policy announcements aimed at stabilizing the economy. Strong corporate earnings reports and inflows from foreign investors also contributed to the positive momentum.
Experts caution, however, that while the short-term gains are encouraging, sustained economic growth will depend on maintaining fiscal discipline, controlling inflation, and further strengthening Pakistan’s foreign reserves.
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