The Pakistan Stock Exchange (PSX) opened Tuesday on a bullish note, with the KSE-100 Index climbing nearly 950 points during early trade. By 10:05am, the benchmark stood at 156,333.45, up 0.61%, reflecting robust investor confidence.
Heavy buying was seen in key sectors including banks, cement, fertiliser, oil and gas exploration, and power generation. Blue-chip stocks such as OGDC, PPL, POL, HUBCO, HBL, MCB, UBL, and PSO all traded in the green, boosting overall sentiment.
The rally followed the State Bank of Pakistan’s decision to keep the policy rate steady at 11%. The Monetary Policy Committee said recent floods had dampened the near-term macroeconomic outlook, but a rate cut was avoided to maintain financial stability.
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The gains extended Monday’s momentum when the index rose by 944 points. Analysts said the market is responding positively to clarity on monetary policy, improving liquidity, and optimism over corporate earnings.
Globally, Asian markets also strengthened, with MSCI’s Asia-Pacific index hitting a four-year high. Expectations that the US Federal Reserve will resume interest rate cuts this week have kept global investors upbeat.