KARACHI: The Pakistan Stock Exchange (PSX) on Monday witnessed ups and downs and eventually closed in negative zone.
During early hours of trading the KSE-100 index surged past 115,000 mark as bullish trend continued in the Pakistan Stock Exchange (PSX).
The positive trend extended from the weekend and 600 points were added to the KSE-100 index, which rose to 115,048 points in early trading.
Later, it closed at 14,356 points after losing 42 points.
On Friday, the index increased by 685 points to close at 114,398 points.
POLICY RATE REMAINS UNCHANGED
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) kept the policy rate unchanged at 12pc.
The central bank announced the interest rate for the next two months.
The MPC had slashed the policy rate by 10 percent in its previous six sessions. In January 2025, it decreased the rate by 100bps to 12pc.
Stakeholders were expecting a decrease in policy rate to further accelerate business activities in the country but the SBP committee decided against it, which also created uncertainty in the stock market.
