Pakistan Stock Exchange Opens Strong with 786-Point Gain
KSE-100 Index recovers to 91,645 points, signaling investor confidence
The Pakistan Stock Exchange (PSX) kicked off the business week on a high note, experiencing a significant bullish trend that propelled the benchmark index up by 786 points. This surge has reinstated the KSE-100 Index to the 91,000-point level, closing at 91,645 points—a milestone last reached during more prosperous market conditions.
“A rise like this is a promising indication for investors and demonstrates increasing confidence in Pakistan’s economic recovery. If this trend continues, we may witness further gains in the days ahead,” commented a senior financial analyst.
In other financial news, the State Bank of Pakistan is set to announce its new monetary policy today, with expectations pointing towards a reduction in interest rates by 2 to 2.5%. The Monetary Policy Committee will convene in Karachi under the bank governor’s leadership, where they will assess the current international landscape along with the country’s micro and macroeconomic conditions.
Inflation is projected to reach 6.5% for October, and reports indicate that the rupee remains stable, with domestic foreign exchange reserves at their highest level in 30 months.
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