The KSE-100 of the Pakistan Stock Exchange (PSX) saw a bullish trend on Thursday, gaining 111.57 points, a positive change of 0.10 per cent, to close at 117,119.66 points as compared to 117,008.08 points on the last trading day.

A total of 1,037,862,969 shares were traded during the day as compared to 956,274,456 shares the previous trading day, whereas the price of shares stood at Rs46.570 billion against Rs46.440 billion on the last trading day.

As many as 464 companies transacted their shares in the stock market, 193 of them recorded gains and 225 sustained losses, whereas the share price of 46 companies remained unchanged.

The three top trading companies were Fauji Foods Limited with 89,478,727 shares at Rs19.24 per share, WorldCall Telecom with 72,001,410 shares at Rs1.79 per share and Telecard Limited with 61,073,411 shares at Rs10.52 per share.

Market experts attribute this surge to improved macroeconomic indicators, particularly a notable decline in the inflation rate, which has raised expectations for a potential cut in the policy rate.

Intermarket Securities commented on the positive trend, stating, “CPI for December 2024 came in at an encouraging 4.1%—the lowest since April 2018—as macroeconomic stabilization under IMF directives continues to take root.”

The report from the Pakistan Bureau of Statistics (PBS) indicated that Pakistan’s headline inflation dropped to 4.1% on a year-on-year basis in December 2024, down from 4.9% in November 2024.

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This decline is seen as a positive sign for investors, suggesting that equities, particularly cyclical stocks, could remain an attractive investment choice as the lagged effects of interest rate cuts begin to bolster consumption and industrial output.