Bulls Continue to Rule Pakistan Stock Exchange for Second Consecutive Day

The Pakistan Stock Exchange (PSX) maintained its bullish trend for the second successive day on Tuesday, with the KSE-100 index gaining 40 points to reach 78,867 points by 10:30 am.

This follows a positive start to the current business week on Monday, where the KSE-100 index surged by 798 points, closing at 78,827 points after last week’s market turmoil. Market analysts attribute the ongoing bullish trend to Finance Minister Muhammad Aurangzeb’s recent visit to China, where “positive talks were held regarding the Pakistani economy.” The market sentiment has been significantly uplifted by the optimism surrounding the Finance Minister’s discussions in China, which are expected to foster economic support and cooperation between the two countries.

Meanwhile, the Pakistani rupee remained stable in the morning session, trading at 278.50 against the US dollar in interbank trade. The stable currency adds to the positive economic outlook, further encouraging investor confidence in the market. As the week progresses, market participants will be closely watching for further developments and policy announcements that could influence the market’s direction. The continuation of the bullish trend signals growing investor confidence in Pakistan’s economic prospects.

With the PSX riding high on bullish sentiment, investors are hopeful that this momentum will sustain, paving the way for further gains in the stock market.