Stocks continue to rally on economic optimism
The unabated aggressive buying amid growing economic optimism and easing political noise post-26th constitutional amendment aided the KSE 100 index to break another psychological barrier of 91,000 intraday on Tuesday. The anticipation of a significant cut in the benchmark interest rate early next month was another reason that kept investors in a bullish mindset as the market extended its record-setting spree to the seventh straight day. From the beginning of the trading, the benchmark KSE-100 index remained in the green zone, hitting an intraday record high of 91,358.15, gaining 1,162.63 points. However, the index settled at the highest-ever level at 90,864.09, adding 668.57 points or 0.74pc day-on-day.