Bulls rally as PSX gains over 450 points amid rupee appreciation, fuel price cut
Business
The index reached 46,683.13 points at 12:20pm
KARACHI (Dunya News) - Bulls are dominating the Pakistan Stock Exchange’s (PSX) today as benchmark KSE-100 index gained over 450 points during morning trade on Monday.
Market analysts have attributed the positive sentiments to an improved outlook in the country's economy.
The index reached 46,683.13 points at 12:20pm, a rapid climb up by 450.54 points or 0.97 per cent from the previous close of 46,232.59 points.
Read also: PKR continues to weaken dollar in interbank, open market
The ongoing crackdown against US dollar hoarding and appreciation in the Pakistani rupee and recent cut in petroleum prices are the factors the investors are cashing in.
