Pakistan Stock Market Trades Lower; July Inflation Eases to 9.2%
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At a glance
- PSX KSE-100 index trading around 105,500 points on August 4.
- Annual inflation rate for July fell to 9.2%, a four-month low.
- Food inflation has reportedly reached a two-year high.
Story so far
On August 4, the Pakistan Stock Exchange's KSE-100 index was trading at a lower level of around 105,500 points, down from the previous day's close of 108,200. In the broader economy, new figures for July showed the annual inflation rate dropped to 9.2%. While this is a four-month low, reports indicate that food inflation has concurrently risen to a two-year high.
Latest development
The Pakistan Stock Exchange (PSX) is trading lower on August 4, with the KSE-100 index around 105,500 points after closing at 108,200 previously. The market movement coincides with the release of new economic data showing annual inflation eased to 9.2% in July, the first single-digit figure in four months.
Sources and updates
Hum News - Youtube
Stock Market Outlook Today | Big Update Every Investor Should Know| Hum News | Pakistan
Such News - Youtube
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