The Pakistan Stock Exchange (PSX) kept its positive momentum going on Friday, with the KSE-100 index hitting a new record of 83,102.76 points. This happened after the index gained 381 points during the trading session, continuing its recent upward trend.
The KSE-100 index also crossed the 3,000-point mark, which has been a significant boost for the market. One of the key reasons behind this bullish trend is a recent drop in inflation. The Consumer Price Index (CPI)-based inflation has fallen to its lowest level in 44 months, which has created optimism among investors.
This decrease in inflation has led many to believe that the State Bank of Pakistan may further reduce the policy rate, making borrowing cheaper. Lower interest rates could encourage more investment, which is likely contributing to the market’s positive outlook. Overall, the combination of lower inflation and expectations of a reduced policy rate has boosted confidence in the market, pushing the index to new heights.
With this upward trend, the Pakistan Stock Exchange is showing resilience and growth, providing positive signals to investors and encouraging further activity in the market.
