PSX Crosses 190,000 Mark Ahead of MPC Meeting

ISLAMABAD: (Web Desk) – The Pakistan Stock Exchange (PSX) extended its bullish momentum as the benchmark KSE-100 Index crossed the historic 190,000-point mark for the first time, ahead of the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) meeting.

Early trading saw the index at 190,455.44, up 1,288.62 points or 0.68 percent. Out of 563 listed companies, 218 saw gains, 163 declined, while 182 remained unchanged. Buying activity was particularly strong in automobile assemblers, cement, fertilizer, oil and gas exploration, OMCs, and power generation sectors.

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Major index-heavy stocks including ARL, HUBCO, MARI, OGDC, FFC, HBL, and MCB traded in positive territory. Analysts expect the MPC to announce a policy rate cut of 50 to 100 basis points, while also reviewing key economic indicators such as trade deficits, remittances, foreign reserves, and global oil prices. Meanwhile, Pakistan is projected to miss the IMF’s 3.2 percent GDP growth target due to sluggish exports and investments.