Karachi: After the State Bank of Pakistan announced monetary policy easing, investor confidence in the Pakistan Stock Exchange seemed to be restored, as a result of which the KSE-100 index closed with a significant increase.
During the market trading on Monday, the index remained in the positive zone continuously and ended at 170,741.34 points with an increase of 876.82 points. The overall buying trend prevailed in the market and an increase in the share prices of 239 companies was recorded.
Analysts According to the State Bank of Pakistan (SBP), the decision to raise the policy rate to 10.5% has boosted investment, especially in the cement, energy and technology sectors.