Investor confidence soared at the Pakistan Stock Exchange this week, fueling a strong rally that pushed the benchmark 100 Index up by 799.56 points to end at 134,581.90.

At 12pm, the benchmark index was hovering at 134,581.90 level, a gain of 799.56 points or 0.60%.

Analysts attribute the bullish momentum to supportive government economic policies and an overall positive outlook among investors.

Business leaders have welcomed the market’s performance, calling it an encouraging sign for the country’s economic prospects. They expressed optimism that the upward trend will persist in the coming days.

The sustained improvement has not only strengthened domestic investor sentiment but also drawn greater interest from foreign investors.

In a related development, the US dollar slipped by 31 paisas in the interbank market, settling at Rs284.25.

Economists noted that the decline in the dollar’s value is likely to lower import costs and ease pressure on inflation, describing it as another positive development for the economy.