ISLAMABAD: Pakistan’s stock market extended its upward momentum on Tuesday, with the benchmark KSE-100 index closing above 95,000 for the first time in history, marking a new milestone in its bullish run.

The index surged by 861 points, or 0.91%, ending the session at 95,856.67 points. The market opened on a positive note, buoyed by expectations that Pakistan’s Consumer Price Index (CPI) for November would fall within the 4.5% to 5.0% year-on-year range, the lowest inflation level in 78 months. This optimistic outlook helped drive investor sentiment, pushing the index briefly above 96,000 during intra-day trading before settling just below that mark. According to Topline Securities, the rally was supported by the news that inflation in October had slowed to 7.2%, with the broader market anticipating further easing in the coming months. Additionally, the third consecutive month of a current account surplus, amounting to $349 million for October 2024, bolstered confidence in Pakistan’s economic recovery. This marked a significant improvement compared to the same month last year, which saw a deficit of $287 million..