From its previous finish of 78,349.66 at 11:44 am, the KSE-100 benchmark index increased 446.50, or 0.57 percent, to stand at 78,796.16 points. Nevertheless, the index was unable to maintain its position and ended the day at 78,488.21, up 0.18 percent, or 138.55 points, from the previous closing.
Topline Securities CEO Mohammed Sohail stated that the market’s early vigor was brought on by anticipations of “rebalancing inflows” from Morgan Stanley Capital International (MSCI), a provider of worldwide indices for passive investments.
Furthermore, he stated that the Consumer Price Index (CPI) data, which tracks changes in prices for various categories of household expenses and measures household inflation, will be issued on Monday and that the “market expects August CPI near 10pc.”
