KSE-100 achieves record peak in PSX rally
Published on: May 5, 2024.
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Karachi: Pakistan’s stock market reached new heights, marking a significant milestone in the country’s financial sector. The benchmark KSE-100 index surpassed the monumental 73,000-point threshold at the Pakistan Stock Exchange (PSX), generating renewed optimism among investors.
During the first trading day of the week, the Pakistan Stock Market experienced a remarkable increase of 522 points, leading the KSE-100 index to reach an impressive 73,265 points. This surge follows a previous upward trend where the stock market saw a surge of 771 points during the final session of the previous trading week, resulting in a record-breaking closing figure of 72,742 points for the KSE-100 index.
While the stock market exhibits bullish momentum, the interbank market continues to witness a trend of the US dollar’s appreciation. On the first day of the trading week, the US currency strengthened by Rs0.12, reaching Rs278.50 at the interbank level.
Investors are closely monitoring market trends in light of the dynamic performance of the Pakistan Stock Market and fluctuations in currency values. This highlights the evolving dynamics of the country’s financial landscape, with investors seeking strategic investment opportunities.
Source: [MM News](https://mmnews.tv){:target=”_blank” rel=”nofollow”}
