Following the ceasefire between Iran and Israel, the bullish trend in the Pakistan Stock Exchange (PSX) continued for the third consecutive day, leading to a positive start in trading.
According to details, the benchmark 100 Index recorded a notable increase of 565 points today, taking the index to 123,327 points. As investor confidence improved, market activity rose, resulting in increased share buying.
Meanwhile, a positive trend was also observed in the foreign exchange market, where the US dollar dropped by 12 paisas in the interbank market. The dollar’s rate decreased from Rs. 283.72 to Rs. 283.60 — a slight but welcome development for the national economy.
Economic experts stated that the ceasefire has reduced uncertainty in the region, directly impacting the investment environment. These effects are being reflected in Pakistan’s financial markets.
