Boosted by low inflation rates and free-flowing foreign investments, Pakistan’s stocks continued to rise on Tuesday. The Karachi Stock Exchange’s 100-share index closed at 22,274.51 points–0.88% higher than Monday’s numbers, and an all-time high.
Index heavyweights Muslim Commercial Bank, Pakistan Telecommunication Co, Pakistan State Oil, and Lucy Cement were all investor favorites–Pakistan State Oil rose by 1.23%, and Muslim Commercial Bank closed ahead by 4.43%.
Year-on-year inflation stood still in Pakistan this month, holding fast at 5.15%, while prices rose 0.51%, according to the Pakistan Bureau of Statistics.
