The Pakistan Stock Exchange (PSX) surged to a historic 191,000 points on Monday, driven by hopes of a policy rate cut. The KSE-100 index jumped over 1,800 points, hitting an all-time high of 191,032 points. Investors reacted positively as optimism grew ahead of the State Bank of Pakistan’s monetary policy announcement.
The rally continued a strong trend from last week, when the index gained 1,478 points to close at 189,166. Traders said expectations of lower interest rates and stable economic indicators encouraged buying across key sectors. Market activity remained high throughout the session, with large gains in banking, energy, and technology stocks.
Read more: PSX rebounds, gains 655 points to close at 187,688
Business community hopes for a policy rate cut from the SBP, currently at 10.5 percent. The Monetary Policy Committee will meet under the SBP governor at 10:30 am to finalize rates for the next two months. Analysts say a rate cut could further boost market sentiment and investments.
The SBP committee will also assess trade, exports, imports, remittances, foreign exchange reserves, crop production, and global oil prices. Economic stability and higher liquidity are expected to influence their decision. Investors are closely watching the announcement for signals on future monetary policy.
Read more: PSX gains 2,662 points to close at 187,761
Experts say the PSX milestone reflects both domestic optimism and foreign investment interest. They caution that markets could remain volatile if the rate decision or economic data surprises. Traders are advised to monitor global cues and local policy updates closely.