The Pakistan Stock Exchange (PSX) hit a record high on Wednesday, continuing its strong upward trend.
During intraday trading, the KSE-100 index surged by 735.32 points, reaching 105,294.39, up from its previous close of 104,559.07, according to Pak Observer.
Investor confidence remains high, fueled by expectations that the State Bank of Pakistan (SBP) will further reduce the policy rate due to declining inflation.
Economic experts also credit the stock market’s positive performance to the country’s political stability.
Data from the Pakistan Bureau of Statistics shows inflation dropped to 4.9% in November, the lowest in six and a half years, compared to 7.2% in October.
This decline in inflation is likely to lead to more monetary easing, lowering business costs, reducing government debt servicing, and improving fiscal balance in the months ahead.
This story is developing.
