KARACHI – The Pakistan Stock Exchange (PSX) continued its gaining momentum on Thursday with bulls taking the KSE-100 index to all-time high amid declining inflation rate in the country.
During intraday trading, the 100-index benchmark crossed 118,000 level as investors are responding to the government’s economic reforms positively.
Till 10:17 am, it has gained 1,259.50 points to reach 118,267.58 points as compared to previous close of 117,008.08.
A day earlier, the 100-Index turned around to bullish trend, gaining 1,881.18, a positive change of 1.63 percent, closing at 117,008.08 points.
A total of 956,274,456 shares were traded during the day as compared to 1,236,873,705 shares the previous trading day, whereas the price of shares stood at Rs 46.440 billion against Rs. 44.218 billion on the last trading day.
Meanwhile, effective economic policies of the government have led to decline in the inflation rate to the lowest level of 4.1 percent in 81 months.
According to Pakistan Bureau of Statistics, the consumer price index was recorded at 4.1 percent during the last month as compared to 49 percent in June last year. This marks a significant decline compared to the 29.7 percent inflation recorded in December 2023.
The wholesale price index was recorded at 1.9 percent last month, down from 2.3 percent in June 2024 and 27.3 percent in December 2023.
