KARACHI: The Pakistan Stock Exchange (PSX) opened the new business week with massive gain in early trading on Monday.
The KSE-100 index benchmark rose by 2,132.95 points to reach an all-time high of 111,646.09 points as against the previous close of 109,513.14 points.
The State Bank of Pakistan (SBP) ‘s cut in policy rates has fuelled investors’ confidence amid economic indicators such as declining inflation rates.
The key policy rate was lowered by the central bank by 200 bps to 13 percent last week.
By this decision made by the Monetary Policy Committee (MPC) on Monday, the new policy rate shall take effect from December 17, 2024.
