KARACHI: The Pakistan Stock Exchange continued its upward trend on the third business day of the week, with the 100-index once again rising above the 162,000-point level. Strong buying interest at the start of trading fueled a notable surge of more than 600 points, reflecting renewed investor confidence.
During early trading, the benchmark index climbed to 162,316 points, marking a sharp recovery from the previous session. A day earlier, the index had closed at 161,692 points after losing 291 points, but today’s rally pushed the market firmly back into positive territory.
Meanwhile, the currency market also witnessed a slight improvement in the value of the Pakistani rupee. According to the Exchange Companies Association, the dollar depreciated by 7 paisas in the interbank market, settling at Rs 280.50. Analysts believe this mild correction in the dollar rate is contributing to the overall positive sentiment across financial markets.
