The Karachi Stock Exchange 100-index closed at a record high today, with analysts crediting falling inflation and commodity prices as well as an easing of political tensions.
The benchmark Karachi Stock Exchange index of 100 shares closed at 30,593 points, up 217 points or 0.71 percent.
The previous peak of 30,474 points came in July, but the exchange plunged in August as opposition groups led by politician Imran Khan and cleric Tahir-ul-Qadri began rallies and a sit-in outside parliament to try to topple the government of Prime Minister Nawaz Sharif.
Tensions peaked at the end of August when it appeared the military might intervene as it has previously. But the situation has since calmed down and Qadri called off his protest in the capital late last month.
On the economic front official data showed that inflation had plunged to a 17-month low, raising investors´ hopes that the central bank might slash the basic interest rate in its next review.
