In anticipation of a possible interest rate drop, shares on the Pakistan Stock Exchange (PSX) gained nearly 800 points on Wednesday, setting a new peak.
The KSE-100 index closed at Rs67,756.03, up 869.77 points, or 1.3 percent. It peaked at 67,873.21 points during intraday trade.
The KSE-100 reached a record high of 67,142.12 points earlier on March 28. The PSX broke this prior record today thanks to the bullish trend.
Considerable expansions were noted in industries such commercial banking, technology, cement, transportation, and communication.
The media was informed by an expert that a declining rate of inflation indicates economic resiliency. Additionally, he added that investors are expecting the State Bank of Pakistan to decrease interest rates in its upcoming review.
