The Pakistan Stock Exchange (PSX) continued its bullish momentum at the start of the new business week, with the benchmark KSE-100 Index surging to an all-time high. Meanwhile, the interbank market also saw a slight appreciation of the Pakistani Rupee against the U.S. Dollar.
On Monday morning, strong investor sentiment drove a significant rally in the stock market. The KSE-100 Index rose by 854 points shortly after trading opened, allowing the index to cross the historic 163,000-point mark for the first time in Pakistan’s financial history.
By comparison, the index had closed at 162,257 points at the end of the previous trading week. The sharp upward movement reflects growing confidence in the market, fueled by a combination of improved macroeconomic indicators, investor optimism, and strong performance in key sectors such as banking, energy, and technology.
At the opening bell, the market experienced a swift gain of 663 points, signaling positive investor expectations and continued upward momentum. Analysts attribute the surge to institutional buying, improved corporate earnings reports, and relative political calm in recent weeks.
Meanwhile, in the interbank currency market, the Pakistani Rupee gained slightly against the U.S. Dollar. According to the Exchange Companies Association of Pakistan, the Dollar fell by 10 paisas, bringing its interbank rate down to Rs281.27. The rupee’s mild recovery has been supported by improved foreign exchange reserves and reduced import pressure.
Market watchers view the developments as a sign of increasing investor confidence in the country’s economic outlook, particularly with the upcoming release of quarterly corporate earnings and expected policy announcements from the State Bank of Pakistan.
Economic experts caution, however, that sustained performance will depend on the continuity of economic reforms, fiscal discipline, and political stability going forward.
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The record-breaking performance of the PSX and the modest strengthening of the rupee have given a positive start to the new trading week, offering hope to both local and foreign investors monitoring Pakistan’s economic recovery.
