After a bearish trend last week, bulls returned to the Pakistan Stock Exchange (PSX) on Monday. The KSE-100 index surged by 588 points during early morning trading, reaching 85,839 points on the first day of the new business week.
The positive momentum continued, with the index gaining 657.08 points by midday, climbing to 85,907 points. This follows a negative trend on Friday when the KSE-100 index dropped 335 points to close at 85,250.
Notably, the PSX had set a new record last week, with the KSE-100 index surpassing 86,000 points on Wednesday.
Pak Rupee Strengthens Against the US Dollar
In other financial news, the Pakistani rupee continued to gain strength against the US dollar in interbank trading. The greenback fell by 6 paisas in early morning trading, decreasing to Rs277.55 from Rs277.61.
