The Pakistan Stock Exchange (PSX) started the week on a positive note, with the benchmark KSE-100 index climbing over 800 points during the early trading hours.
- Index Performance:
At 12:40 PM, the KSE-100 index was trading at 114,096.87 points, showing an increase of 849.58 points (0.75%).
Key Drivers and Sectors:
- Strong buying activity boosted key sectors, including:
- Automobile Assembly
- Cement
- Chemicals
- Commercial Banks
- Fertilizers
- Oil & Gas Exploration Companies
- Notable Stocks: SSGC, SHEL, PSO, OGDC, PPL, POL, ENGRO, HBL, MEBL, and NBP all traded positively.
Market Expectations:
Analysts from Intermarket Securities noted that the market is reacting to the anticipation of the upcoming Monetary Policy Committee meeting, where a 100 basis point cut in the policy rate to 12% is expected.
