The bullish trend in the Pakistan Stock Exchange (PSX) continues, with the market showing strong gains on the third trading day of the week. Due to growing investor interest and a positive trading sentiment, the benchmark KSE-100 Index is approaching the psychological barrier of 148,000 points.
At the start of trading, the market recorded an impressive surge, with the KSE-100 Index climbing by 821 points. This increase took the index to its highest level of 147,826 points, reflecting market stability and growing investor confidence.
Meanwhile, the foreign exchange market also witnessed a positive shift. The interbank rate of the US dollar fell by 10 paisas, bringing the exchange rate down to Rs 282.32, according to the Exchange Companies Association.
It is noteworthy that the US dollar has been consistently losing value over the past several days, leading to an improvement in the Pakistani rupee’s strength and contributing to a more optimistic financial market environment.
