Even if the macroeconomic outlook was still mainly positive, stocks reached an all-time intraday high above 91,300 points, primarily due to expectations that the central bank will significantly lower the policy rate in the first week of November.
In contrast to the previous close of 90,195.51 points, the benchmark KSE-100 shares index of the Pakistan Stock Exchange (PSX) increased 1,163 points to reach 91,358.15 points.
In a post-market report, senior analyst Ahsan Mehanti of Arif Habib Corp. stated that the market hit a new all-time high as investors considered strong financial results and conjectured about a potential policy rate cut by the State Bank of Pakistan (SBP) next week.
