Pakistan’s stock market surged to a record high on Tuesday, closing above 117,000 points for the first time.
This rally was fueled by investor confidence, bolstered by the State Bank of Pakistan’s (SBP) recent 200-basis-point policy rate cut to 13%, positive macroeconomic indicators, and expectations of continued economic growth.
The KSE-100 index climbed 869.76 points (0.75%), reaching an intraday peak of 117,039.17.
This fifth consecutive rate cut by the SBP reflects a supportive monetary policy aimed at stimulating economic activity, driven by November’s inflation rate dropping to its lowest point since 2018 (4.9%).
Analysts predict this shift will draw investment away from fixed-income securities and into equities, further invigorating the market.
