The Pakistan Stock Exchange witnessed another day of upward momentum on the second trading day of the business week, as investor confidence continued to strengthen and buying activity remained positive. As a result, the benchmark KSE-100 Index once again crossed the 162,000 barrier. The index recorded an impressive gain of over 400 points, closing at 162,171 points.
It is worth noting that at the close of the previous trading session, the KSE-100 Index had declined by 248 points and settled at 161,687 points. However, renewed interest from market participants contributed to a robust recovery in today’s session, driving the index back into positive territory.
Meanwhile, in the interbank foreign exchange market, the U.S. dollar witnessed a slight depreciation against the Pakistani rupee. The dollar slipped by one paisa, bringing its new value to Rs 280.71 in interbank trading, while currency market activity remained largely stable throughout the day.
