The Pakistan Stock Exchange (PSX) saw continued buying momentum on Tuesday, with the benchmark KSE-100 Index closing up by 796.44 points, or 0.51%, at 156,180.94.
Investor sentiment remained positive throughout the session, pushing the index to an intra-day high of 156,467.91. The upbeat market sentiment was supported by the recent decision of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) to maintain the policy rate at 11%, citing the adverse impact of recent floods on the macroeconomic outlook.
The PSX had also opened the week on a positive note, gaining 944.82 points, or 0.61%, to close at 155,384.51 on Monday.
The Pakistani rupee continued its positive momentum against the US dollar, appreciating marginally by Re0.03 to settle at 281.51 in the inter-bank market on Tuesday.
