The stock market in Pakistan saw a positive trend on Thursday. This was triggered by the Election Commission Pakistan providing an election date to the Supreme Court. The benchmark KSE-100 index of the Pakistan Stock Exchange rose by 0.61% to 2:08pm on Thursday. This was seen as a sign of political stability.
The market also reacted to the State Bank of Pakistan’s decision to maintain its policy rate at 22%, which was in line with expectations. Additionally, October’s inflation rate was recorded at 26.9%, but analysts believe that it will decrease in the near future. The inflation rate for the month of October decreased to 1.08% compared to an average of 2.4% in the previous three months.
Overall, these factors contributed to a positive market response, and the stock market has been rallying for the fourth consecutive day.
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