Pakistan Stock Exchange Rallies as Investor Confidence Returns
On the second day of the trading week, the stock market opened on a positive note.
ISLAMABAD – The Pakistan Stock Exchange (PSX) saw a strong upward trend as investor confidence returned, with the benchmark KSE-100 index crossing the 163,000-point mark once again.
On the second day of the trading week, the stock market opened on a positive note. The KSE-100 index gained 1,195 points at the start of trading, reaching 163,359 points.
Read more: PSX records second-largest single-day surge on IMF optimism, US support
Yesterday, the market had faced a downward trend, causing investors to incur losses worth billions of rupees. A total of 36.39 crore shares valued at Rs 22.63 billion were traded during the previous session.
Meanwhile, the Pakistani rupee continued to show fluctuations against the US dollar. According to the Exchange Companies Association, the interbank rate decreased by one paisa, bringing the dollar price to Rs 281.
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