PSX closes with notable gains, as inflation expectations lower

KARACHI: The Pakistan Stock Exchange (PSX) wrapped up last week on a downward trend, with the benchmark KSE-100 index shedding nearly 250 points on Friday.

On Monday (yesterday), the index closed at 74 points gain at 64,890.50 points. Today (Tuesday), the index showed fluctuations but remained bullish for the most part, closing more than 600 points above opening level.

Stock market opens on a positive note after SBP’s announcement

Around 1:30 PM closing time, the benchmark KSE-100 index was seen hovering above 65,500 points.

Multiple segments traded in green with fewer companies seen in red. Overall, the index showed positivity and stability. Market experts believe that the improvement came on the back of the decision of the State Bank of Pakistan (SBP) to maintain policy rate in a bid to control inflation.