KARACHI – Bulls maintained their domination in the Pakistan Stock Exchange (PSX) on Friday as KSE-100 index has crossed the 83,000 points ceiling to hit another record high.
Till filing the story at 10:54 am, the 100-index benchmark has gained 280.75 points to reach 83,002.51 points with experts anticipating more gains during today’s session.
Experts have attributed the upward trend and positive sentiments among investors to the recently sealed loan deal with the International Monetary Fundy and dropping inflation rate in the country.
The annual consumer inflation dropped to a 44-month low of 6.9 percent in September amid steady decline in international market.
Meanwhile, the monthly CPI in September stood at -0.5pc, reflecting that the overall prices witnessed a decline as compared to previous month.
A day earlier, the KSE-100 index closed at 82,721.76 points on Thursday as investors participated in the trading with positive sentiments.
This is a developing story…
