KARACHi: The Pakistan Stock Exchange (PSX) witnessed a strong upward trend on Thursday, with the benchmark index once again surpassing the 160,000-point mark amid renewed investor confidence and positive economic signals.
At the start of the trading session, the KSE-100 index gained 793 points, reaching 160,371 points. The rally followed a mixed session on Wednesday, when the index had initially shown gains but eventually closed 1,703 points down by the end of trading.
Meanwhile, the Pakistani rupee strengthened against the US dollar in the interbank market. According to the Exchange Companies Association of Pakistan, the dollar fell by six paisas, settling at Rs 280.80.
Market analysts attributed the PSX’s historic performance to improving economic indicators and the robust performance of the banking sector, which has boosted investor confidence. They added that the government’s economic reforms, declining inflation, and an improvement in foreign exchange reserves have all contributed to strengthening market sentiment.
