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Monday, November 4, 2024
HomeBusinessPSX Jumps Over 850 Points as Market Gets Boost

PSX Jumps Over 850 Points as Market Gets Boost

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The Pakistan Stock Exchange (PSX) started the week on a high note, with the market rising more than 850 points.

On Monday, the KSE-100 index increased by 878.58 points, reaching 90,872.54 points during trading, up from 89,993.96 points at the previous close.

Analysts believe this jump is due to several factors, including hopes for lower interest rates on November 4.

Sana Tawfik from Arif Habib Limited said the rise is also linked to earnings reports and better liquidity in the market.

Ahsan Mehanti, an economist at Arif Habib, mentioned that speculation about a significant cut in the policy rate by the State Bank of Pakistan and discussions about privatizing state-owned companies contributed to this positive trend.


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