The Pakistan Stock Exchange (PSX) witnessed a powerful rally on the first business day of the week as investor confidence surged, pushing the 100 Index above the 161,000-point mark.
The benchmark KSE-100 Index gained over 1,400 points, reaching 161,072 points during intraday trading, bringing billions in gains for investors.
This sharp rise comes after a positive close last week, when the index settled at 159,592 points after gaining 496 points. Market analysts attribute the renewed bullish momentum to strong investor confidence, stable macroeconomic indicators, and IMF-backed fiscal discipline.
Meanwhile, the Pakistani rupee showed mild improvement in the interbank market. According to the Exchange Companies Association of Pakistan (ECAP), the US dollar dropped by 2 paisas, settling at Rs. 280.80.
Experts believe that the combined impact of foreign inflows, stronger reserves, and fiscal stability is driving optimism in both the currency and stock markets, signaling continued confidence in Pakistan’s economic recovery.
