The Pakistan Stock Exchange (PSX) continued its impressive rally on Friday, driven by growing investor confidence fueled by easing inflation in the country. During intraday trading, the KSE-100 index gained 1,866.57 points to hit an all-time high of 178,222 points, reflecting an increase of 1.06 percent compared to the previous close of 176,335.49 points.
Bloomberg, a global financial news outlet, has highlighted that Pakistan’s inflation rate increased at a slower pace than expected last month, supporting the central bank’s decision to lower its policy rate to a three-year low to encourage economic growth.