The Pakistan Stock Exchange (PSX) opened the week with a powerful rally, pushing the benchmark KSE-100 index decisively past the 120,000-point milestone. The index surged by 831 points at the opening bell, reaching 120,522 points during early trading. This bullish momentum follows last week’s closing level of 119,691 points, reflecting renewed investor confidence.
Simultaneously, the US dollar saw a slight decline in the interbank market. According to the Exchange Companies Association of Pakistan (ECAP), the dollar’s value decreased by 5 paisas, settling at Rs 281.97. The dual positive signals – a surging stock market and a marginally cheaper dollar – suggest improving economic sentiment among traders and investors.
The rally marks a significant recovery for the PSX, which has faced volatility in recent months. Analysts attribute the uptick to anticipation around upcoming budget policies and potential relief measures for key sectors.
