Pakistan Stock Exchange commenced the week by achieving another milestone surpassing 73,000 mark today.
Trading started on a positive note with KSE-100 index touched the 73,000 points mark. KSE-100 index has reached the level of 73, 300 with an increase of 558 points.
It may be noted that on the last business day last week, the Pakistan Stock Exchange 100 index set two new records during the business day in which the index made the highest trading records during the business day and at the end of the business.
At the end of the business day, the KSE-100 index closed at 72,742 with an increase of 771 points.
Meanwhile, an official at Intermarket Securities said that the surge was attributed to market optimism being driven by expectations of an interest rate cut. A cut in interest rate is likely today in Monetary Policy Committee (MPC) meeting of up to 100bps.
He added, moreover, the market is also driven by positive news flow on future talks with the International Monetary Fund (IMF) for a new programme.
