ISLAMABAD (PEN) : The Pakistan Stock Exchange (PSX) witnessed an extraordinary surge today, with the KSE-100 index climbing by 500 points, reaching an unprecedented level of 75,614 points. This marks a significant milestone, as the index trades at historical highs, reflecting a bullish sentiment among investors.
Since the beginning of business, the PSX has been booming, demonstrating robust market confidence and strong investor interest. Market analysts attribute this remarkable rise to a combination of favourable economic indicators, positive corporate earnings reports, and investor optimism about the future economic outlook.
In related financial news, the value of the US dollar decreased by 15 paisas in the interbank market. The American currency is now trading at Rs278.15. This slight decrease in the dollar’s value is seen as a positive sign for the local currency and may contribute to further strengthening investor sentiment in the stock market.
The PSX’s impressive performance today is seen as a continuation of the positive trends observed in recent months.
In the interbank market on Thursday, the US dollar depreciated by 17 paisas, settling at Rs278.30. This slight decline comes amid ongoing economic adjustments and market responses to both domestic and international financial dynamics.
Meanwhile, the Karachi Stock Exchange witnessed a day of fluctuations, with the KSE-100 index trading down by 7 points, closing at 74,950 points at the start of business for the day. Market analysts attributed the minor dip to a combination of investor caution and mixed signals from global markets.
