The KSE-100 Index surged by around 1,100 points in early trade on November 4, 2024, giving the Pakistan Stock Exchange (PSX) a major boost. The index hit 92,047.64 points by midday.
Important industries like as cement, chemicals, commercial banking, fertilizers, oil and gas exploration, and auto manufacture all showed signs of investor excitement. Important equities that were on the rise included OGDC, PPL, SNGP, SSGC, and HCAR.
Investors are anticipating a possible cut in the key policy rate at the Monetary Policy Committee (MPC) meeting later today, which is why there is this purchasing momentum.
Market optimism has been further bolstered by rising economic indicators and positive corporate earnings reports.
