KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish trend as the KSE-100 index soared to a record high of 106,000-point mark on Thursday.
The PSX KSE-100 index gained more than 1,500 points as the rally was supported by positive economic indicators with declining inflation rates.
The KSE-100 benchmark hit 1533.30 points up, 1.46 percent tighten, while standing at 106,637.63 points from the previous close at 105,448.05 points, at 12:03 pm.
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This rally is due to Pakistan’s annual inflation rate registering a decrease of 4.9% in November, its lowest since 2017. Also, it is exactly one week since the PSX crossed over the 100,000 mark for the first time.
The trade deficit of the country also downed by 19 percent year-on-year to $1.59 billion, increasing expectations of a very strong current account surplus and uplifting market confidence.
