The Pakistan Stock Exchange’s benchmark KSE-100 index crossed the 52,000 mark on Wednesday, gaining over 400 points. The index closed at 52,342.63 points, up from the previous 51,920.27. The rise in share prices was attributed to the State Bank of Pakistan’s decision to maintain its policy rate, which was in line with expectations. Analysts believe that factors such as a focus on the economy, prospects of monetary easing, and optimism about the upcoming IMF review are supporting the rally. Despite the increase, valuations are still 50% lower than the long-term average. The bullish market is also attributed to improving economic conditions and expectations of elections taking place by the end of January. Although the index has risen, market volume remains low. The most active stocks include Cnergyico PK Limited, Worldcall Telecom Limited, Pakistan Refinery Limited, Ghani Global Holdings Limited, and Pak Elektron Limited. The top gainers are Ghazi Fabrics International Limited, Premier Insurance Limited, First Paramount Modaraba, The Universal Insurance Company Limited, and Dandot Cement Company Limited. The top decliners are Reliance Insurance Company Limited, S.G. Power Limited, First Al-Noor Modaraba, Khyber Tobacco Company Limited, and J.K. Spinning Mills Limited.