PSX Surges Amid Falling CPI and Rate Cut Optimism

Business12/3/2024

Image Credits: The News

The Pakistan Stock Exchange (PSX) has experienced a significant surge, with the PSX Index reaching 104,445.8, a gain of 1,170.86 points or 1.13% in a single day. This upward trend is attributed to the decline in the Consumer Price Index (CPI) and optimism surrounding a potential rate cut. The CPI has dropped to 4.9%, a substantial decrease from its previous rate of 38%. Over the past five years, the return on investment has been 7%, indicating a stable and growing market. The rally has been historic, with the PSX breaking the 104,000 barrier for the first time, marking a significant milestone for the exchange. The surge in the PSX Index is a positive sign for the economy, indicating a potential recovery and growth in the market.

Similar Perspectives

Facts that align with the main story

PSX Index: 104,445.8

Points gained: 1,170.86

Percentage gained: 1.13%

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Fact Comparison

Fact	Geo	The News
PSX Index	104,445.8	104,445.8
Points gained	1,170.86	1,170.86
Percentage gained	1.13%	1.13%
Inflation rate	4.9%	4.9%
Previous inflation rate	38%	38%
Return on investment (5 years)	7%	7%