The benchmark index at the Pakistan Stock Exchange (PSX) continued its positive momentum from last week on Monday, buoyed by expectations of a successful International Monetary Fund review.
The index gained over 400 points in the early morning trade. The market finally closed at 53,860.36 points, up 737.33 points or 1.39 per cent from the previous close of 53,123.03.
The benchmark of the national bourse exceeded in the outgoing week its all-time high of 52,876 points that it achieved in May 2017.
The KSE-100 index has gained more than 30pc this year, with a turnaround in fortunes coming after the IMF approved a $3 billion loan programme in July to avert a sovereign debt default.
Meanwhile the rate for the US Dollar stands at Rs284.70 on Monday morning, as the interbank exchange rate saw a steady increase of 39 paisas at the start of the new business week.
Over the past couple of weeks, the American currency has been witnessing a steady rise against the Pakistani Rupee after falling to a historic low due to a crackdown on hoarders and exchange mafia.
However, now after the demand for the Dollar has increased, its value is on a sharp rise.
