The Pakistan Stock Exchange (PSX) began the week positively as the KSE-100 index surged by over 500 points. This gain helped the index reclaim the important 147,000 mark, which it had lost in the previous trading session.
Trading on Monday opened with an early rise of 188 points, setting a positive tone for the day. The index continued to climb steadily and closed at 147,075 points. This was an increase of 584 points compared to Friday’s close.
Last Friday, the KSE-100 index had dropped below 147,000, ending the week on a weak note. However, renewed investor confidence and fresh buying interest helped PSX bounce back strongly at the start of the new week.
The recovery was driven by strong performances in key sectors, attracting investors to the market. The positive movement at PSX reflects growing optimism about Pakistan’s economic outlook.
Meanwhile, Pakistan’s foreign exchange reserves showed a modest increase last week. The State Bank of Pakistan (SBP) reported a $1.1 million rise, bringing total domestic dollar reserves to $19.497 billion.
The SBP’s own reserves increased by $11 million to reach $14.243 billion. In contrast, dollar deposits held by commercial banks declined slightly by $10 million, settling at $5.254 billion.
Overall, the positive start at PSX, combined with stable forex reserves, indicates improving market sentiment. Investors will be closely watching to see if this upward trend continues in the coming days.
The strong opening at PSX provides hope for sustained growth and stability in Pakistan’s stock market.
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