Pakistan Stock Exchange Maintains Uptrend as Dollar Price Declines

The Pakistan Stock Exchange (PSX) continues to show a positive trend, while the dollar has decreased in the exchange market.

The trading week began with a negative start in the stock market, but “shortly after, trading moved into positive territory,” with the KSE-100 Index rising by 18 points to trade at 171,422 points. Last week, due to a sustained positive trend, the stock market reached an all-time high.

Meanwhile, the interbank market also saw a continued decline in the dollar. According to the Exchange Companies Association, “after a decrease of 5 paisa, the interbank dollar price has reached Rs 280.20.”

Also Read: Pakistan Stock Exchange Hits Record High as Dollar Price Declines

The Pakistan Stock Exchange (PSX) continued its upward momentum, with the KSE-100 Index reaching “an all-time high of 172,221 points” during the first session on the last day of the trading week. The positive trend also reflects in the currency market, as the dollar has decreased in value.

The trading day began on a strong note, with the KSE-100 Index climbing 417 points in the early session. The market had also shown robust gains the previous day, closing at 171,804 points.

Meanwhile, the interbank dollar continued its downward trend. According to the Exchange Companies Association, “the dollar has decreased by 6 paisa in the interbank market, reaching Rs 280.20.”

This sustained surge in the stock market alongside a weakening dollar highlights growing investor confidence and a strengthening rupee in the exchange market.