Stock Market Hits New Record as Index Surpasses 148,000 Points

Karachi: The bullish trend continued at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index soared to a historic high, crossing the 148,000-point mark for the first time in the country’s history. Alongside the market rally, the Pakistani rupee also gained strength as the US dollar weakened in the interbank market.
On the first trading day of the week, the stock market witnessed strong upward momentum. The KSE-100 Index recorded an initial gain of 577 points at the start of the session, which further extended to 1,511 points by the closing bell, pushing the index past the milestone of 148,000 points.
This follows last week’s record-breaking performance, where the KSE-100 Index had already reached unprecedented levels.
In a parallel development, the Pakistani rupee appreciated slightly against the US dollar. According to the Exchange Companies Association, the dollar fell by 6 paisas in the interbank market, bringing its value down to Rs282. The decline in the dollar’s rate contributed to an improvement in the rupee’s overall strength.