Pakistan Stock Exchange (PSX) started the week on a positive note and surged by over 1,000 points in trading on Monday amid high-flying expectations that the State Bank of Pakistan (SBP) will lower the key policy rate heavily, reported 24NewsHD TV channel.
The benchmark KSE-200 index soared by 1,078.15 points or 1.17 percent, shouldering the index to reach 919,38.00 points at the close.
On the last trading day on Friday, the market had increased by 1.85 percent to close at 90,637.05. Trading volume was notably active, with 130,504,356 shares exchanging hands, with a total trading value reaching approximately Rs11.94 billion.
The SBP is scheduled to announce the new monetary policy today and analysts predict a potential interest rate cut of up to two percent.
Reporter: Basim Iftikhar