On Tuesday, the Pakistan Stock Exchange surpassed 50,000 points, the greatest level it has reached in six years, and experts attribute the increase to optimistic emotions regarding the economy.
After a hiatus of six years and five months, the Pakistani stock market resumed its ascent and crossed the barrier of 50,000 points.
The benchmark Karachi Stock Exchange (KSE) 100 Index on the PSX increased by 192.69 points to reach 50,324 points.
Money market specialists connect the PSX performance with PKR strengthening, a sharp decline in gas costs, and a recent upbeat IMF (International Monetary Fund) economic outlook report.
The US dollar is currently trading at a month-low versus the rupee, around Rs275.75.
The rupee dropped to 307.1 in the interbank market last month, but authorities kept up their campaign of smuggling enforcement and curbs on the Exchange Companies (ECs) industry.
Pakistan began a crackdown on the money market with the introduction of administrative procedures by the central bank, and so far, nine exchange companies have been suspended for regulatory infractions.
