Pakistan Stock Exchange Rebounds Strongly, Crosses 115,000 Mark; Rupee Gains Slightly Against Dollar
The Pakistan Stock Exchange (PSX) witnessed a **positive start** to the final trading day of the week, with the benchmark **KSE-100 Index surging by 659 points**, reaching **115,679 points** in early trade. The upbeat momentum comes a day after a sharp decline caused by rising tensions between Pakistan and India following the **Pahalgam incident**.
On Thursday, the stock market suffered a significant blow, with the index dropping by over **2,000 points** amid fears of escalating geopolitical uncertainty.
Meanwhile, the **Pakistani Rupee showed slight improvement** against the US Dollar. According to the **Exchange Companies Association**, the Dollar fell by **7 paisas** in the interbank market, bringing its value down to **Rs 281**.
Market analysts attribute the rebound in stocks to investor optimism over diplomatic stability and anticipated economic reforms.
