Stock Watch: KSE-100 closes at historic high

Bulls returned to the Pakistan Stock Exchange this week, lifting the KSE-100 index to a historic high level of 83,532 points.

Positive sentiments were driven by lower than expected inflation for September that clocked in at 6.9%, a 44-month low.

As a result, secondary market yields fell sharply and the government rejected all bids for 3-month T-bills in this week’s auction.

Foreign selling related to FTSE rebalancing continued this week and amounted to US$26.05 million.