BUSINESS/FINANCE
Pakistan Stock Exchange Rallies as KSE-100 Index Gains 937 Points
A strong bullish trend was witnessed at the Pakistan Stock Exchange (PSX) during trading today as investor confidence pushed the market sharply higher.
During the session, the benchmark KSE-100 Index surged by 937 points, reaching the level of 168,388 points.
Market analysts said the rally was driven by strong buying activity in banking, energy, and major industrial sectors, reflecting improving investor sentiment and confidence in economic indicators.
Meanwhile, the US dollar recorded a slight decline in the interbank market. After losing one paisa, the dollar was trading at Rs278.64.
Financial experts believe that the positive momentum in the stock market along with stability in the local currency signals growing confidence in the economy, although investors remain cautious about global economic conditions and domestic financial policies.
