Stocks soar by near 900 points in day trade as rate-cut bets gain traction

Investors in Pakistan are seeing a surge in stock prices as the central bank is expected to loosen monetary policy, boosting economic growth. Sectors like technology, real estate, financials, utilities, and consumer discretionary are benefiting from rate cuts. The market hit record highs driven by optimism over potential interest rate cuts. Analysts predict a policy rate cut of up to 400 basis points by December. Foreign interest in the market is also increasing. Inflation has been decreasing, giving the State Bank of Pakistan room to cut rates. The central bank may revise interest rates before its next meeting.