Stocks at the Pakistan Stock Exchange surged to a record high above 93,000 points, driven by optimism for a further decrease in the monetary policy rate. Investors are hopeful for a policy rate cut of up to 400 basis points by December, following a recent 250 basis point cut by the State Bank of Pakistan….
Two investors were seen discussing the stock market at the Pakistan Stock Exchange, which achieved its highest close yet after briefly surpassing the 90,000-point resistance level. This was driven by positive economic indicators and expectations of a significant interest rate cut by the central bank at its upcoming meeting. The market’s momentum is positive, with…
The Pakistan Stock Exchange (PSX) closed just below 89,000 points, setting a new record high. Rate-sensitive sectors saw gains, driven by expectations of the central bank maintaining a hawkish stance due to improving macroeconomic indicators. Investors focused on sectors like auto-makers, cement, and banks as corporate results for the first quarter of the year came…
Investors at the Pakistan Stock Exchange in Karachi saw stocks rally past the 86,000 points mark after the political uncertainty ended with the enactment of the 26th Amendment. The parliamentary approval of changes to the constitution empowered lawmakers to select the chief justice of the Supreme Court, drawing criticism from opposition parties. Key sectors like…