Pakistan Stock Exchange hits new milestone as KSE-100 index crosses 118,000
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10 months ago
Pakistan Stock Exchange (PSX) achieved another major milestone on Monday as the KSE-100 index surged past 118,000 points, continuing its impressive upward trajectory. On the first day of trading for the business week, the index gained more than 1,000 points, reaching an all-time high of 118,735 points.
The market’s bullish performance marked a significant leap from Friday’s closing, when the KSE-100 index stood at 117,586 points, reflecting strong investor confidence and positive market sentiment.
In contrast, the US dollar saw a slight depreciation in the interbank market. The Pakistani rupee strengthened by 11 paisas against the greenback, with the exchange rate moving to Rs278.45. Last week, the dollar had closed at Rs278.56.
Pakistan Stock Exchange market rally and the appreciation of the Pakistani rupee come amid a range of positive developments, as both local and international investors continue to show confidence in Pakistan’s economic outlook.
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