Following the rupee’s devaluation in the open and interbank markets, the benchmark index of the Pakistan Stock Exchange (PSX) rallied and gained by more than 1,000 points.
As of 2:39pm, the benchmark KSE-100 index gained by 1,150 points with the market at 40,935 points.
Commenting on the development, Arif Habib Limited’s Head of Research Tahir Abbas said that the rupee’s steep fall has triggered a positive sentiment in the market.
