The Pakistan Stock Exchange (PSX) opened the week on a bullish note, with the KSE-100 index gaining 836 points to reach an all-time high of 170,701.22 points ahead of the State Bank of Pakistan’s (SBP) upcoming monetary policy announcement.
Meanwhile, the US dollar continued its downward trend in the interbank market, declining by 2 paisas to Rs280.30. Analysts say the reduction reflects ongoing economic adjustments and a stabilizing exchange rate amid market reforms.
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Investors are eagerly awaiting the SBP’s Monetary Policy Committee (MPC) meeting, where the key policy rate is widely expected to remain at 11 percent. Inflation risks related to food prices and external pressures are keeping analysts cautious.
Last Friday, the KSE-100 index had closed on a strong note, gaining 1,289.83 points or 0.77 percent to settle at 169,864.53 points. Trading volumes reached 873.03 million shares with a value of Rs40.87 billion, slightly lower than the previous session.
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Market capitalization also rose to Rs19.321 trillion from Rs19.217 trillion, with 259 companies advancing, 180 declining, and 43 remaining unchanged. Hum Network led trading volumes with 71.84 million shares, followed by Dost Steels Ltd. and WorldCall Telecom.
Analysts note that continued foreign investment and positive investor sentiment are contributing to the bullish momentum. They expect that stable monetary policy signals from SBP could sustain market optimism in the coming weeks.