KARACHI: The Pakistan Stock Exchange (PSX) continued its strong upward momentum on Thursday, the fourth trading day of the business week, while the US dollar recorded a further decline against the rupee.
At the opening of trading, the benchmark KSE-100 Index surged by 1,245 points, reaching 171,559 points, reflecting strong investor confidence and sustained buying activity across key sectors. The market had also closed on a positive note a day earlier, ending trading at 170,314 points.
Meanwhile, the local currency showed further improvement in the interbank market. According to the Exchange Companies Association, the US dollar depreciated by 7 paisas, bringing its interbank rate down to Rs 280.20.
Market analysts attribute the positive trend to improved economic sentiment, expectations of financial stability, and growing investor optimism regarding macroeconomic indicators.
The continued rise in stock prices and the strengthening of the rupee signal renewed confidence in Pakistan’s financial markets.
