The Pakistan Stock Exchange (PSX) extended its upward momentum on the second trading day of the week, while the US dollar weakened against the Pakistani rupee, indicating improving investor sentiment across financial markets.
Trading at the PSX opened on a positive note, with strong buying activity observed in the early hours. The benchmark KSE-100 Index gained 577 points during the initial session, reaching 171,781 points. Market analysts attributed the rally at the PSX to renewed investor confidence, supported by expectations of economic stability and positive market cues.
In the previous session, the PSX had shown mixed performance, with the index fluctuating before closing at 171,204 points. Despite volatility, the market maintained a positive undertone, paving the way for Tuesday’s gains.
Alongside the bullish trend at the PSX, the Pakistani rupee strengthened against the US dollar in the interbank market. According to data from the Exchange Companies Association, the rupee appreciated by 2 paisa, with the dollar trading at Rs280.20. Currency dealers noted that the dollar’s decline reflects improved market confidence and a more balanced demand and supply situation. In further reforms PSX Extends Rally on Institutional Buying
Experts believe that continued stability at the PSX, combined with a steady currency market, could further enhance investor confidence. They added that if these trends persist, Pakistan’s financial markets may see sustained growth in the coming days, supported by easing pressure on the rupee and consistent participation at the PSX.
