Stock Market opens with expectations of new monetary policy today

• PSX opens above 64,800 points after ending outgoing week in red

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.

Investors grappled with uncertainty ahead of the upcoming decision on the policy rate.

Pakistan assures IMF to expedite work on privatisation programme

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet today, amidst mixed expectations of decline in interest rates or unchanged monetary policy.

The interest rate currently stands at a record high of 22 per cent.