Karachi: In a remarkable display of investor confidence, the Pakistan Stock Exchange soared past the 92,000-point mark for the first time, reaching an intraday high of 92,017.36 points, up 1,157.51 points or 1.27% from the previous close.
This surge comes just ahead of a crucial meeting of the State Bank of Pakistan’s Monetary Policy Committee, where expectations are high for a substantial interest rate cut.
The rally on Monday follows a strong performance on Friday, when the market gained 2.1%, supported by foreign inflows of $5.4 million, despite mutual funds opting for net selling.
