Pakistan Stock Exchange sees a rise of 1,893 points after two days of decline

Two-Day Decline in PSX Offset by 1,893 Point Increase

The Pakistan Stock Exchange (PSX) 100 Index offset its two-day decline with a 1,893-point increase.

It was a positive trading day at PSX, with the 100 Index closing at 90,859, up by 1,893 points. Throughout the day, the index fluctuated within a 2,280-point range, reaching a low of 88,852 and a high of 91,133.

Today, 460 million shares were traded at a value of 23 billion rupees, raising the market capitalization by 171 billion rupees to a total of 11,707 billion rupees.

Inflation Rate Rises to 7.17% in October

The trend of rising inflation has reemerged, with the annual inflation rate reaching 7.17% in October.

According to the Federal Bureau of Statistics, the average inflation rate, measured by the Consumer Price Index, was recorded at 8.68% during the first four months (July to October) of the fiscal year 2025.

In September, the inflation rate on an annual basis had reached a 44-month low of 6.9%. The Ministry of Finance had estimated October's inflation rate to be between 6% and 7%.

Using the 2015-2016 base year, the Bureau of Statistics reports inflation data for urban and rural areas, analyzing prices for 356 items in 35 cities and 244 products across 27 rural centers.

In October, the monthly inflation rate rose by 1.23% compared to September, with urban inflation increasing by 1.05% and rural inflation by 1.49%.

In urban areas, food items that saw price increases included fresh vegetables (up 12.90%), onions (7.64%), wheat (5.96%), chickpeas (5.73%), fish (5.54%), chicken (4.61%), tomatoes (3.96%), and wheat flour (3.52%).

In rural areas, the prices of food items that rose compared to September included fresh vegetables (up 21.32%), onions (8.56%), fish (7.35%), chickpeas (6.88%), gram flour (5.42%), and chicken (4.25%).

It should be noted that last month’s annual inflation rate of 6.9% was the lowest in 44 months. The report stated that in September 2024, inflation was at its lowest since January 2021, with the inflation rate recorded at 6.9%, keeping the average inflation rate in single digits.