Monthly Digest – October 2023 In Review

In October, Pakistan’s stock market showed impressive gains, with the KSE-100 index closing at 51,920 points. This was the highest level in six years. Several factors contributed to this positive trend:

The central bank maintained the policy rate at 22%, but the drop in government securities’ yields, along with expectations of declining inflation, led to hopes of a potential reduction in interest rates in the near future. They predicted a decreasing trend in inflation throughout the second half of the fiscal year but noted that oil price fluctuations and a gas tariff increase could impact inflation in FY24. To stay updated on more news like this, follow us on Facebook.