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23 Dec 2024

Pakistan Stock Exchange Reaches New Record Amid Market Surge

The Pakistan Stock Exchange (PSX) has set a new record, with its 100 Index reaching an all-time high of 92,349 points. This latest achievement came after a surge of 411 points on the second business day of the week.

The PSX saw a total trading volume of over 311.38 million shares valued at PKR 23.91 billion, indicating strong investor confidence. In related developments, the exchange rate market saw the Pakistani rupee gaining strength against the U.S. dollar, which fell by 9 paisas, bringing it down to PKR 277.70 in interbank trading.

The recent rally has been bolstered by optimistic investor sentiment and foreign investment inflows, positioning the PSX as a dynamic force in South Asia’s financial markets.

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