KARACHI: The Pakistan Stock Market witnessed a strong rally on the third day of the trading week, which further strengthened the confidence of investors.
The market remained in the positive zone since the start of trading and the buying trend prevailed.
During the trading session, the Hundred Index recorded a significant increase of more than four thousand points, after which the index reached the level of 152,886. This rally in the market is the result of improvement in the country’s economic indicators and increasing interest of investors.
It should be noted that a positive trend was seen in the stock market on the previous trading day as well, when the Hundred Index closed at 148,743 points with an increase of 1900 points. This two-day rally has created new excitement in the market.
On the other hand, the value of the US dollar was seen stabilizing in the interbank market, where the dollar remained at the level of 279.15. Experts say that the stability in the value of the rupee and the boom in the stock market are positive signs for the economy.
According to analysts, if the same trend continues, the stock market may touch further heights in the coming days, however, investors have been advised to be cautious and invest wisely.
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