PSX gains 444 Index points, closes at 48252 points

Karachi: The Pakistan Stock Exchange (PSX) concluded its first session on a positive note, as the index surged by 444 points, closing at 48252 points.

The stock market witnessed strong momentum right from the start of the trading session.

With a remarkable gain of 1100 points on the final trading day of the business week, the stock market continues to exhibit resilience.

The Pakistan Stock Exchange has maintained a vigorous pace since the beginning of the trading session, with a notable increase of 1100 points in the index.

The benchmark index reached 48900 points.

In the MSCI Small Cap Index, 16 Pakistani companies have recently joined, increasing the total number of companies in the MSCI Small Cap Index to 41.

The expanding presence of Pakistani companies in the MSCI Small Cap Index is positively impacting the stock market.

Meanwhile, the interbank market saw an Rs0.20 increase in the value of the dollar, with the exchange rate reaching 288 rupees.

It's noteworthy that despite yesterday's fluctuating market with ups and downs, the psychological threshold of 48,000 points couldn't be sustained, and the market closed at 47,808 points.