KARACHI: The Pakistan Stock Exchange witnessed a huge rally on the last day of the trading week, which further strengthened the confidence of investors.
Due to the positive trend in the market, the KSE 100 Index recorded a significant increase of 2158 points, after which the index increased to 167,676 points.
The market also witnessed fluctuations during the trading session, where the 100 Index reached a low of 166,221 points at one point, however, due to increased buying pressure, the index later reached a high of 167,844 points.
According to economic experts, this rally in the market was seen due to interest in banking, energy and other important sectors by investors.
It should be remembered that the 100 index closed at 165,517 points at the end of trading yesterday, compared to which today’s increase is being described as significant. Due to economic stability and positive financial indicators, the market’s improvement trend may continue.
On the other hand, a slight decrease in the value of the US dollar was recorded in the interbank market, where the dollar became 2 paise cheaper to 279 rupees. The stability in the value of the rupee is also an important reason for the improvement in the stock market.
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