KARACHI – Pakistan Stock Exchange (PSX) extended its bullish trend on Friday as the KSE-100 index climbed to a new record high after gaining 381 points with trading session underway.
The benchmark 100-index has crossed the 3,000 points barrier as it currently settles at 83,102.76 points at the time of filing this story.
The bullish trend is being supported by various factors such as decline in the Consumer Price Index (CPI)-based inflation to the 44-month low level.
The single-digit inflation has also increased the hopes that State Bank of Pakistan would further cut the policy rate.
More to follow…
