This follows Wednesday's performance, where the MASI closed up 0.64%, continuing the week's positive trend. The market's gains reflect growing investor confidence, buoyed by improved outlooks, notably the US Fed’s decision to deliver a jumbo-sized interest rate cut.

The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards.

It marks a crucial milestone for the central bank’s historic inflation fight, which kept rates at a bruising 23-year high for more than a year.