On the second trading day of the business week, the Pakistan Stock Exchange (PSX) showed a bullish trend as investor confidence held firm.
The benchmark KSE-100 index rose 908 points during intraday trade, hitting 140,288 points. Market watchers believe that this surge is a reflection of the market’s increased optimism, which is bolstered by strengthening macroeconomic indicators and investor morale.
The index saw significant upward momentum earlier in the day, reaching an intraday high of 140,296 points. Market watchdogs and analysts point to stability in the exchange rate and consistent institutional buying as major factors in this rising trend.
The KSE-100 index was trading at 139,380 points at the end of yesterday’s trading session. The 140,000-point level, which is regarded by both traders and market watchers as a psychological threshold, has once again been reached by the current rally.
Financial guardians and market experts are keeping a careful eye on the developments and expect further good momentum if the current circumstances continue.
