The Pakistan Stock Exchange (PSX) hit a historic milestone, surpassing the 105,000-point mark for the first time. This rise reflects strong investor confidence, driven by expectations of a 200 basis point interest rate cut by the State Bank of Pakistan (SBP).
The KSE-100 index gained 914.49 points, closing at 105,473.56. This boost was supported by lower inflation rates and improved trade data, which have encouraged positive market sentiment.
Experts believe inflation will stay low, increasing the chances of further interest rate cuts in the SBP’s upcoming policy meeting on December 16. This optimism is fueling increased investment activity and contributing to the market’s strong performance.
The PSX’s recent growth highlights how positive macroeconomic trends and investor confidence are helping drive Pakistan’s financial markets. The combination of stable inflation and better economic data suggests a promising outlook for the stock market.
