The Pakistan Stock Exchange (PSX) shattered previous records on Thursday as the KSE-100 index surged past the 113,000 mark, signaling unprecedented market confidence.
During intraday trading, the KSE-100 index gained 2,671.69 points, reaching an all-time high of 113,481.90, compared to the previous close of 110,810.21. The surge marked a historic achievement for the PSX, driven by expectations of a major interest rate cut in the upcoming monetary policy review.
Market optimism stems from projections that the State Bank of Pakistan’s Monetary Policy Committee (MPC), set to meet on December 16, could announce a policy rate reduction of 150–200 basis points. This would be the fifth cut since the fiscal year’s start, fueled by a steep decline in inflation, which recently dropped to its lowest level in 78 months.
Investors are banking on the rate cut to stimulate further economic growth while maintaining inflation control.
Update
PSX continued its rally and climbed to an intraday high of 113,983.53 points, advancing by 3,173.32 points on the KSE-100 index, further cementing its historic run.
