The Pakistan Stock Exchange (PSX) has regained momentum, with the KSE-100 Index climbing to 80,215 points as of 1:30 pm today, marking an increase of 724 points. This resurgence follows two months of market volatility.
Investor confidence has been renewed, largely due to improving political stability and Pakistan’s recent deal with the International Monetary Fund (IMF), which has significantly impacted market performance. The surge in the stock market reflects growing optimism in economic recovery.
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On the currency front, the Pakistani rupee strengthened, with the dollar falling by 13 paisas, trading at 278 against the local currency.
Analysts attribute the stock market’s robust growth to a combination of political calm, economic reforms, and the positive impact of the IMF agreement, which has encouraged investors to return to the market. These factors have led to increased activity and have driven the KSE-100 Index upward.
