The record-breaking rally at the Pakistan Stock Exchange (PSX) continued on Wednesday, with the benchmark KSE-100 Index surpassing the landmark 130,406.91 level. During intra-day trading, the index gained over 2,200 points.

At 2:45pm, the benchmark index was hovering at 130,406.91 level, an increase of 2,207.49 points or 1.72%.

On Tuesday, the PSX sustained its upward momentum, with the KSE-100 Index closing at yet another record high, bolstered by macroeconomic stability and expectations of monetary easing in the weeks ahead.

The index surged by 2,572.11 points, or 2.05%, settling at an all-time high of 128,199.43 points.

Globally, Asian markets were subdued on Wednesday.

The MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.23%, retreating from the November 2021 peak it touched last week. Japan’s Nikkei fell 0.78%, pressured by declines in technology stocks.