KARACHI: Amid the current political scenario, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) opened with positive signs and surpassed 44,000 points.
After the success of the no-confidence motion against former prime minister Imran Khan, the KSE-100 index gained over 1,450 points on Monday and traded at 45,894 points. Over the past week, the political crisis in the country had kept the PSX under pressure with the Exchange losing more than 900 points. However, with the new setup, the stock market showed progress.
The local currency also gained some value against the greenback and traded at Rs183.20. The dollar lost Rs1.83 in early trade. In the open market, the rupee stood at Rs185.