The Pakistan stock market achieved a historic milestone, soaring to unprecedented heights and igniting investor optimism. On the opening day of the trading week, the benchmark KSE-100 index surged past the monumental 73,000-point mark at the Pakistan Stock Exchange (PSX).
Investors welcomed this surge with enthusiasm, as the market witnessed a robust increase of 522 points, propelling the KSE-100 index to an impressive level of 73,265 points.
This surge builds on the momentum from the previous trading week, where the stock market experienced a notable uptick of 771 points, culminating in a record-breaking closing figure of 72,742 points for the KSE-100 index.
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However, amidst the bullish trend in the stock market, the dollar continued to appreciate in the interbank market. On the inaugural day of the trading week, the US currency strengthened by Rs0.12, reaching Rs278.50 at the interbank level.
This dynamic performance in the Pakistan Stock Market, coupled with ongoing fluctuations in currency values, highlights the evolving nature of the country’s financial landscape.
Investors are closely monitoring market trends for strategic investment opportunities, recognizing the potential for growth and profitability in the midst of these fluctuations.