KARACHI :Â The bullish trend in Pakistan Stock Exchange continues as the 100 index reaches the all-time highest level of 48,827 points.
Pakistan Stock Exchange (formerly Karachi Stock Exchange) has made it a habitof making the headlines as it is breaking the records with each passing day.
Yet another landmark achievement of reaching 48,827 points was observed after the index rose by 587 points while making history in the process of doing so.
Analysts are of the opinion that the inflation rate since last six months had been low against the expectations and it is anticipated the State Bank of Pakistan would not raise the interest level further.
On the other hand, with the increase in prices of crude oil in the international market, the share prices of the local companies dealing in this sector are observing an increase in share prices as well and which also has a great influence on the current bullish trend in stock market.
Analysts are of the opinion that the inflation rate since last six months had been low against the expectations and it is anticipated the State Bank of Pakistan would not raise the interest level further.
On the other hand, with the increase in prices of crude oil in the international market, the share prices of the local companies dealing in this sector are observing an increase in share prices as well and which also has a great influence on the current bullish trend in stock market.