The Pakistan Stock Exchange (PSX) reached a new high on Wednesday as the KSE-100 Index briefly surpassed 86,000 points. This rise was mainly driven by strong buying in key sectors like energy and cement.
The market’s positive momentum is continuing due to increased optimism about a larger-than-expected drop in inflation. This has led to hopes for potential interest rate cuts in the upcoming Monetary Policy Committee (MPC) meetings.
At 12:10 PM, the index stood at 86,383.58 points, marking an increase of 719.61 points. Market analysts credit this surge to growing expectations that the central bank will lower interest rates significantly, which could boost the overall economy.
While Pakistan’s stock market is thriving, the situation in China is different. Chinese stock markets experienced a sharp decline, with major indexes falling by more than 5%. This drop followed a recent rally, but the overall sentiment in China remains cautious, with investors taking profits after the market’s brief surge.
