Pakistan's benchmark share index at all-time high

Pakistan's benchmark share index breaches 60,000, reaches all-time high of 60,500.61 points. Investors expect central bank's policy interest rate cut due to slowing inflation. Despite political and economic difficulties, index gains over 48% this year. Analysts believe market is welcoming staff level agreement for IMF funds. Market valuation remains attractive with KSE100 index trading at 4.5 times price-to-earnings multiple.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NdpEsjX