According to Jinshi Data on September 19, Pakistan's benchmark stock index hit a record high on Thursday, reaching 82,003 points, with an intraday increase of 1.9% at one point.
Since late July, the Central Bank of Pakistan has cut interest rates three times in a row, reducing its key policy rate by 450 basis points to 17.5%. As inflation eases, the rate cuts have boosted market confidence.
Pakistan's stock market rebound has also been linked to hopes of an IMF bailout. The benchmark index has risen about 13% since the government passed a new budget in June aimed at securing the IMF aid program.
