Pakistan Stock Exchange hits new milestone of 96,000 points

Pakistan Stock Exchange, for the first time, reached 96,000 points during intra-day trading on Tuesday, where index since start of 2024 has appreciated by 54%.

This positive trend can be attributed to lower inflation, reduced interest rates, a stable rupee, which has appreciated by 1.5% since January, and continuous support from bilateral and multilateral sources.

Inflation has dropped to 7.2% in October from a high of 38% in May 2023. Interest rates have also fallen to 15% from 22% in June 2022, marking the lowest rates in over two years.