The Pakistan Stock Exchange (PSX) continued its bullish momentum on Wednesday, with the benchmark KSE-100 index gaining 545.26 points (0.52 percent) to close at 105,104.33 points. The rally was driven by improved investor sentiment following a sharp drop in inflation.
The surge comes on the heels of data released by the Pakistan Bureau of Statistics, which showed that inflation fell to 4.9 percent in November, the lowest level since 2017. The decline in inflation has bolstered expectations of a reduction in interest rates during the upcoming Monetary Policy Meeting, further fueling investor optimism.
Major contributors to the index’s rise included MARI, HUBC, AIRLINK, MTL, and PSO, which collectively added 442 points to the KSE-100 index. Persistent buying by local institutions and high trading volumes reflected strong market confidence.
Trading activity remained robust, with a total volume of 1,748 million shares and a turnover of Rs. 50 billion. WTL led the volume charts, with 257 million shares traded during the session.
