The Pakistan Stock Exchange (PSX) kicked off the week on a high note, with the benchmark KSE-100 index soaring by 878.58 points, or 0.98%, reaching 90,872.54 during intra-day trading on Monday.
This surge follows a previous close of 89,993.96 points and reflects a robust buying momentum amid growing investor optimism.
Market analysts attribute this upward trend to several factors, including expectations of a potential interest rate cut by the State Bank of Pakistan (SBP) on November 4.
Sana Tawfik, Deputy Head of Research at Arif Habib Limited, noted that the positive movement is also influenced by the ongoing earnings season and improved liquidity conditions in the country.
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Additionally, discussions surrounding the privatization of state-owned enterprises are fueling speculation among investors, further driving market activity.
As the situation develops, more details are anticipated regarding the factors contributing to this significant market rally.
