PSX Surges to 18-Year High, Economic Outlook Brightens

The Pakistan Stock Exchange (PSX) has reached a milestone, crossing the 105,000 mark for the first time in its history, with the KSE-100 index reaching 105,294.39. This surge in the stock market is attributed to the slowing inflation rate, which has dropped to 4.9%. The trade value has also reached its highest level in 18 years, standing at Rs57 billion. The economic outlook is expected to remain positive, with the expected monetary policy meeting on December 16 likely to further boost investor confidence. The bulls continue to rule the PSX, with optimism continuing to drive the market forward. As the market continues to rise, investors are eagerly awaiting the next move, with many expecting further growth in the coming months. The PSX's surge to an 18-year high is a testament to the country's growing economy and the confidence of investors in the market. With the inflation rate under control and the trade value at an all-time high, the PSX is poised for further growth, making it an attractive investment opportunity for both local and foreign investors.