KARACHI: The Pakistan Stock Exchange (PSX) witnessed a bullish start to the trading session on Wednesday as investor sentiment is buoyed by growing optimism that the State Bank of Pakistan (SBP) may announce a cut in the key policy rate.
The benchmark index has surged by 1,005.90 points to reach 138,970.71, marking a 0.73% increase from the previous close of 137,964.81.
The business community is anticipating a shift in the monetary stance following signs of easing inflationary pressure and improved macroeconomic indicators.
Analysts noted that expectations of a lower interest rate have sparked renewed interest in equities, particularly in interest rate-sensitive sectors such as banking, construction, and cement.
A day earlier, the benchmark KSE-100 Index witnessed bearish trend on Tuesday, losing 1,415.24 points, a negative change of 1.02 percent, closing at 137,964.82 points.
A total of 606,334,880 shares worth Rs32.685 billion were traded during the day.
As many as 484 companies transacted their shares in the stock market, 108 of them recorded gains and 350 sustained losses, whereas the share price of 26 companies remained unchanged.
