Despite speculation that the central bank will maintain its aggressive monetary policy at its November 4 meeting, stocks rose on Monday. However, late profit-taking pulled the market lower from an intraday high of over 91,000 points, which was a first for the index.
The benchmark KSE-100 shares index of the Pakistan Stock Exchange (PSX)
After peaking intraday at 91,054.83 points, it added 201.55 points, or 0.22%, to close at another all-time high of 90,195.51.
Profitable business results are also encouraging purchasing in industries including auto, cement, banking, energy, and power generation, while speculation about a significant easing of the monetary policy stance on November 4 is rife in the market.
According to a statement from Topline Securities, the session was characterized by volatility.
