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Karachi: Investor sentiment received a significant boost as the Pakistan stock market soared to unprecedented levels, marking a historic milestone in the country’s financial landscape.
On the opening day of the trading week, the benchmark KSE-100 index surged past the monumental 73,000-point threshold at the Pakistan Stock Exchange (PSX), reflecting renewed optimism among investors.
Witnessing a remarkable uptick, the Pakistan Stock Market witnessed a robust increase of 522 points, with the KSE-100 index surging to an impressive level of 73,265 points.
This surge follows a notable upward trend, as the stock market had witnessed a surge of 771 points during the previous trading week’s final session, culminating in a record-breaking closing figure of 72,742 points for the KSE-100 index.
However, amidst the bullish momentum in the stock market, the trend of the dollar’s appreciation in the interbank market persisted. On the inaugural day of the trading week, the US currency strengthened by Rs0.12, reaching Rs278.50 at the interbank level.
The dynamic performance of the Pakistan Stock Market coupled with ongoing fluctuations in currency values underscores the evolving dynamics of the country’s financial landscape, with investors closely monitoring market trends for strategic investment opportunities.
