PSX hits record high as market rally continues, Rupee gains against Dollar

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a historic session on the first day of the business week, with the benchmark index surging to an all-time high amid strong buying momentum. The KSE-100 Index gained 997 points in early trading, pushing it to a record level of 1,070,862 points for the first time in the country’s history.

Some of these gains were dissipated as trading progressed, but the KSE-100 index managed to stay well above the opening level of 169,864.52 points, hovering around 170,636.40 points by 10 AM. Market participants attributed the bullish trend to improved investor confidence and sustained interest in key sectors.

Meanwhile, the Pakistani rupee showed signs of strength against the US dollar in the foreign exchange market. According to the Exchange Companies Association, the dollar exchange rate depreciated by two paisa in the interbank market.

Following the decline, the PKR to USD was quoted at Rs280.30 to the greenback, reflecting continued stability in the local currency alongside positive developments in the equity market.