Karachi: The Pakistan Stock Exchange (PSX) witnessed a strong rebound on the second trading day of the week. The benchmark index surged past the 156,000-point mark after gaining more than 4,000 points in early trade.
At one stage, the index climbed to 156,106 points, reflecting renewed investor confidence and heavy buying across key sectors.
Sharp Recovery After Previous Loss
The rally comes a day after the market suffered a steep decline. In the previous session, the index had plunged by more than 16,000 points and closed at 151,972.
However, fresh buying interest helped the market recover sharply at the opening bell. Analysts say improved sentiment and value hunting likely supported the surge.
Dollar Slips in Interbank Market
Meanwhile, the US dollar recorded a slight decline in the interbank market. According to the Exchange Companies Association of Pakistan (ECAP), the dollar fell by one paisa.
The greenback was trading at Rs279.45 in interbank dealings.
Market experts believe currency stability and improved investor sentiment may support further recovery if positive trends continue.
Investors are now closely watching economic indicators and policy signals for the market’s next direction.