The surge in Pakistan’s stocks on Tuesday was extended by about 900 points during intraday trading, according to dealers. This gave a lift to rate-sensitive sectors as they banked on the central bank’s continued hawkish monetary policy.
The benchmark KSE-100 Shares Index of the Pakistan Stock Exchange (PSX) increased 897 points, or 1.04%, from its previous closing of 84,910.29 points to 85,807 points at 12:13 pm.
According to analysts, some industries—including technology, real estate, utilities, financials, and consumer discretionary—tend to gain more from rate reductions than others. This enables investors to profit from these dynamics when the economy is changing.
Equities soared above the 84,900-point record high on Monday, propelled by a sharp increase in the oil sector’s value and mounting hope for further interest rate reduction.
