Stock Market Opens on a Positive Note, KSE-100 Index Gains 1,163 Points

Islamabad:The Pakistan Stock Exchange (PSX) has started today’s trading session on a positive note, with the benchmark KSE-100 Index surging by 1,163 points. As of now, the index is trading above 110,985 points, continuing its bullish momentum from the previous days.

The market has shown resilience, building on the gains from earlier in the week. Yesterday, the PSX had witnessed a historic high, with the KSE-100 Index crossing the 111,000-point mark for the first time. However, the market faced a slight correction by the end of the session, and the index closed at 108,896 points, down by 1,073 points.

Meanwhile, in the interbank market, the Pakistani Rupee strengthened slightly against the US Dollar, which depreciated by 7 paisas. According to forex dealers, the Dollar is currently trading at 277.98 PKR in the interbank market.

Despite yesterday’s minor pullback, market experts remain optimistic, with the ongoing upward trend reflecting a positive outlook for the country’s financial markets.