The Pakistan Stock Exchange (PSX) continued its spectacular rally at the start of the new year, fueled by rising investor confidence and easing inflation.
On Friday, the KSE-100 Index surged by 2,654 points, reaching an all-time high of 179,010 points, setting a historic milestone.
Analysts point to slowing inflation as a key driver behind the bullish momentum. Bloomberg reports that food prices in December increased by only 3.24%, down from 5.53% in November. Similarly, the Consumer Price Index (CPI) rose 5.6% year-on-year, compared to 6.1% the previous month.
The strong performance builds on the previous day’s gains, when the KSE-100 Index closed above 176,000 points. During Friday’s trading, the index breached three major psychological thresholds, eventually crossing the 179,000 mark with remarkable speed.
The ready market recorded a trading volume of 1,402.65 million shares, with a total value of PKR 48.424 billion, up from 957.239 million shares worth PKR 44.231 billion in the prior session. Of 485 actively traded companies, 337 advanced, 116 declined, and 32 remained unchanged.
Market experts suggest that this sustained upward trajectory reflects strong investor optimism and signals positive momentum for Pakistan’s economy, highlighting increased confidence among both local and international investors.
