ISLAMABAD, Nov. 11 (Xinhua) -- The Pakistan Stock Exchange continued a strong bullish trend on Friday, with its benchmark index setting a new record high amid strong domestic buying.
The Pakistan Stock Exchange's benchmark KSE 100-Index moved up by 2.04 percent or 1,129.94 points, crossing the 55,000 level to close at 55,391.36 points.
Earlier, it touched an intra-day high of 55,506.32, which is now the highest level reached by the benchmark index.
The stock market has been recording a significant upward trajectory recently as on Wednesday, the KSE-100 Index had settled at the then-historic high level of 54,261 amid record activity.
According to market analysts, the central reason for the positive trend was the reduction in Pakistan Investment Bonds yields, which boosted domestic buying.
Additionally, an improvement in the macroeconomic indicators that included a fall in the current account deficit and a decline in consumer price index-based inflation have generated positive sentiments in the market. ■
