KARACHI — Pakistan Stock Exchange (PSX) witnssed strong rebound as investors responded positively to State Bank of Pakistan’s (SBP) decision to maintain the policy rate.
On Tuesday, benchmark KSE-100 Index gained around 1200 points, to reach 163,359 within the first hour of trading.
Monetary Policy Committee (MPC) noted that headline inflation rose to 5.6% in September, while core inflation remained at 7.3%. It also stated that the economic impact of recent floods was less severe than initially anticipated.
Meanwhile, the International Monetary Fund (IMF) is expected to hold a board meeting by December 2025 to approve the release of Pakistan’s next $1.2 billion tranche.
On Monday, the PSX had started rollover week on a weak note, with the KSE-100 Index dropping 1,140.32 points, or 0.7%, to close at 162,163.81, amid profit-taking and cautious investor sentiment.
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