PSX Rally Continues as PKR Strengthens Against Dollar
The Pakistan Stock Exchange continued its positive trend on Tuesday. At the same time, the Pakistani rupee gained strength against the US dollar. As a result, investor confidence improved across financial markets.
Trading began with strong buying interest during early hours. Moreover, investors showed renewed optimism about economic stability. This positive mood helped push market indices higher.
During the first session, the benchmark KSE-100 Index jumped sharply. It gained 577 points and reached 171,781 points. Therefore, the rally marked a strong continuation of recent gains.
Analysts linked the rise to growing confidence among local investors. In addition, expectations of steady economic indicators supported buying activity. The market also benefited from reduced uncertainty.
Positive Trend Holds Firm
The previous trading day ended on a mixed note. However, the index still closed at a solid 171,204 points. This stability helped set the stage for the latest rally. Despite brief fluctuations, the broader trend remained upward. For example, key sectors showed steady participation. As a result, investors stayed active throughout the session.
Market participants believe consistency matters most right now. Therefore, even moderation gains signal strength. The sustained momentum reflects trust in policy direction.
Rupee Gains Support
Meanwhile, the US dollar weakened against the Pakistani rupee. According to exchange data, the rupee appreciated by two paisa. It now trades near Rs 280.20 per dollar in the interbank market.
Currency dealers pointed to balanced demand and supply conditions. In addition, improved sentiment reduced pressure on the local currency. This stability helped calm the forex market.
Experts believe currency strength supports stock market confidence. Therefore, both markets often move in the same direction. A stable rupee lowers import costs and improves planning.
Looking ahead, analysts expect cautious optimism to continue. However, they advise watching global cues closely. If stability holds, confidence could strengthen further in coming days.
Overall, the combination of stock gains and currency stability sends a positive signal. As a result, market participants feel encouraged. The focus now remains on consistency and policy clarity.
