Stock Market Surge, Dollar Falls Further in Pakistan

Stock market surge, dollar falls further as Pakistan’s financial markets show a positive trend on Tuesday.

The Pakistan Stock Exchange opened the second business day of the week on a strong note. Investors showed confidence from the start of trading.

During the first session, the KSE-100 index rose by 577 points. The index reached 171,781 points within early trading hours.

The market continued its upward momentum after a mixed session a day earlier. On Monday, the index closed at 171,204 points.

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At the same time, the US dollar lost more value against the Pakistani rupee. The Exchange Companies Association reported a further decline in the interbank market.

After falling by two paisas, the dollar traded at Rs280.20 in interbank dealings. Currency dealers reported steady selling pressure on the greenback.

Market analysts linked the rally to improved investor sentiment and short-term economic stability. They expect cautious trading in the coming sessions.

Stock market surge, dollar falls further as financial indicators reflect renewed confidence in Pakistan’s economy.