Islamabad: The Pakistan Stock Exchange has risen to its highest in more than three weeks, as per a news report. The benchmark index, KSE-100, was up by 1.9% in early trading on Thursday.
The country’s sovereign dollar bonds also increased across the curve and the 2025 eurobond was able to jump 2.2 cents to 102 cents in the dollar. The currency is 0.1% stronger against the US dollar. The PSX had been experiencing bearish trends for over a month, while also experiencing a depreciating Pakistani rupee against the US dollar. This slight recovery points towards stable market speculations.