Exciting news from the Pakistan Stock Exchange (PSX) as shares continued to rise on Friday, with the index climbing over 400 points. The KSE-100 benchmark index saw a significant increase of 0.57% to reach 78,796.16 points, driven by expectations of MSCI rebalancing inflows and anticipation of the upcoming CPI data release.
With the Consumer Price Index (CPI) data expected to be around 10%, investors are optimistic about the market’s performance. Moody’s recent rating upgrade for Pakistan to Caa2 with a positive outlook has also boosted investor confidence, along with the ECC’s approval of an incentive scheme to boost remittances.
Analysts are keeping a close eye on market developments, and more updates are expected as the day progresses. Stay tuned for further updates on this exciting market trend!
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