Pakistan, July 20 -- KARACHI - The Pakistan Stock Exchange (PSX) surged 4,298 points this week, closing at 138,597 as investors responded to strong economic indicators and broad-based sectoral buying. The market climbed 3.2% week-on-week, with Monday's 2,203-point rally alone taking the KSE-100 Index to a historic high of 136,502, driven by renewed confidence in Pakistan's recovery path.
Key macroeconomic developments supported the bullish momentum, including a $2.1 billion current account surplus for FY25-the highest in 22 years-and foreign reserves rising to $14.5 billion. Although the Pakistani rupee weakened slightly to 284.87 against the dollar, investor sentiment remained upbeat, especially following positive statements from the IM...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.