Share market opens on a positive note

KARACHI: Pakistan Stock Market posts 155 points gain on first trading day of the week, after posting fluctuations for the better part of the outgoing week.

On Friday, the index posted moderate rise before settling down at 50,943.83 points. On Monday (today), the KSE-100 index posted quick gains of 155 points, soon after opening, rising to 51,215.95 points, before eroding slightly to hover around 51,098.83 close to 11 a.m.

SBP to unveil new monetary policy today

Trading volume remained moderate with a little over 37 million shares trading hands in the first two hours of trading.

Expectations of a decline in interest rates in new monetary policy are lending strength to investor sentiment. However, the uncertainty surrounding the economic situation and the upcoming review by the International Monetary Fund (IMF) are causing fluctuations in the market as well.