Pakistan Stock market under pressure: PSX reacts sharply before the interest rate announcement

Karachi: The start of the trading day today seemed pleasant at first, but soon the bearishness won the whole field instead of the bullishness. The PSX-100 index reached a high of 163,570 points during trading, but later the bearish wave gained momentum, and the index fell to 161,766.
At the end of the day, the index settled at 162,163 points, significantly lower than the previous day’s close of 163,304 points. Market experts say that investors have taken into account that the upcoming interest rate decision can have a profound impact on the market, which is why they have adopted a cautious position instead of rushing.