- Reuters
- 10 Hours ago

PSX jumps nearly 900 points, then plummets twice as much
-
- Web Desk
- Feb 04, 2025

WEB DESK: Tuesday’s session at the Pakistan Stock Exchange (PSX) started on a bullish note, with the index showing a consistent increase upwards. The benchmark KSE-100 index opened at Monday’s closing of 112,745.01 points and showed an instant increase of nearly 350 points. Within an hour, the index had jumped 899 points to hover around 113,644.54 points.
The market had been showing fluctuations lately owing to the mixed economic indicators. However, after the latest inflation data as released by the Pakistan Bureau of Statistics (PBS) – which showed a steady rate at 2.4 per cent – the stock market also received a bout of confidence. The morning trading showing consistent improvement, but the hike proved to be short-lived.
By noon, the index was hovering at a 262 points in green, but then the deterioration set in. Around 2 PM, the benchmark KSE-100 index had fallen down to 111,967.67 points, showing a decline of 777.34 points.
Alongside, the Pakistani Rupee is improving in parity to the US Dollar as well as other major currencies. On Tuesday morning, the Exchange Companies Association informed that the value of greenback had fallen by 9 paisa. The PKR-USD parity early on Tuesday clocked in at Rs278.95 to the USD.
