PSX jumps to new record on rate cut hopes

Investor optimism is high in the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index surged to a new high on expectations of a rate cut. Experts believe that factors such as falling yields, limited investment options, and strong corporate earnings are driving the market. The State Bank of Pakistan is expected to announce a significant rate cut in its upcoming meeting, which will further boost the market. The recent rate cuts by the SBP have already had a positive impact on the market, and analysts are predicting more cuts in the future. Overall, the market is experiencing a rally due to reduced political uncertainty, strong liquidity, and stable global oil prices.