KARACHI: The Pakistan Stock Exchange (PSX) saw a remarkable surge at the start of trading today, with the benchmark KSE-100 index climbing by 866 points. During the course of trading, the index reached as high as 112,217 points.
At the close of the previous trading session, the KSE-100 index had gained 927 points, ending at 111,351 points. On the last business day of the week, the index remained within a trading band of 1,796 points, reflecting a positive market trend.
In another significant development, the Pakistani rupee strengthened as the dollar continued to fall in the interbank market, dropping by 7 paisas. At one point, the dollar was trading at 277.40 PKR, compared to its closing value of 278.47 PKR in the previous session.
Market activities also showed healthy trading volumes, with 81.5 million shares changing hands, amounting to a total of 32.9 billion PKR in transactions. The market capitalization saw a significant rise, increasing by 112 billion PKR to reach 14,126 billion PKR.
In other financial news, expectations are building that petrol prices might drop, while the price of diesel could rise in the near future, reflecting ongoing changes in the energy sector.
Read More: PSX Hits 111,000 Points Mark as Market Sees Positive Momentum
Overall, the market outlook remains optimistic, with positive developments in both the stock market and currency exchange reflecting a strengthening economic sentiment in Pakistan.
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