KSE-100 surpasses 116,000

Business 3 hours ago
KSE-100 surpasses 116,000
  • 8
  • 0

KARACHI: The KSE-100 Index has reached a historic high, closing above 116,000 points, as investor optimism grows in anticipation of further interest rate cuts by the State Bank of Pakistan (SBP).

This marks a significant milestone for the Pakistani stock market, reflecting a positive outlook among investors despite the challenges faced by the economy. The surge in the KSE-100 can be attributed to several factors, most notably the expectation that the SBP will continue its monetary easing stance. Market experts predict that the central bank, which has already reduced the policy rate multiple times this year, will further lower the key interest rate to stimulate economic growth and control inflation. The anticipation of a more favorable economic environment has encouraged investors to flock to the stock market, driving up stock prices. In addition to expectations of further rate cuts, other positive indicators have also bolstered investor confidence. Pakistan's current account surplus for the past few months, along with stable global commodity prices, has provided a sense of stability. Furthermore, credit growth and improved liquidity conditions have further fueled optimism, particularly in the banking and industrial sectors. The upward movement of the KSE-100 Index signals a recovery in investor sentiment, suggesting that the market is pricing in a more favorable macroeconomic environment in the near future. However, market experts caution that external risks, such as global economic fluctuations, could impact the market's momentum in the long term.

NC Big Stories

Qureshi moved to Adiala Jail as charges loom in GHQ attack case

Shah Mehmood Qureshi, senior leader of Pakistan Tehreek-e-Insaf (PTI) and former foreign minister, has been transferred to Adiala Jail, where he is set to face formal charges related to the May 9 attack on the General Headquarters (GHQ).  This...

Ministry of Religious Affairs announces deadline

 ISLAMABAD: The Ministry of Religious Affairs in Pakistan has issued a deadline for those wishing to perform the Hajj 2025. According to reports, The ministry announced that Hajj 2025 applications will be accepted until December 17, which falls...

PM to participate in D-8 summit in Egypt from Dec 18-20

ISLAMABAD: Prime Minister Shehbaz Sharif is set to visit Egypt from December 18 to 20 to attend the 11th Summit of the Developing Eight (D-8) countries, which will take place in Cairo. The summit’s theme is “Investing in Youth and Suppor...

ATC discharges 102 PTI workers in Nov 26 protest case

ISLAMABAD: An Anti-Terrorism Court has discharged 102 Pakistan Tehreek-e-Insaf (PTI) workers from a case related to the November 26 protests, ordering the police not to re-arrest them. The court released 57 of the detained PTI workers, who were promp...

More like this
Related

FBR to launch faceless tax assessment system

KARACHI: The Federal Board of Revenue (FBR) is set to implement the Faceless Customs Assessment (FCA) system in Karachi, marking a significant step in the FBR's transformation plan approved by the prime minister. Under the new system, all import goo...

OGDCL boosts production with revived heavy oil well in Punjab

PUNJAB: Oil and Gas Development Company Limited (OGDCL), Pakistan's largest exploration and production (E&P) company, has successfully revived a heavy oil well in the Rajian Oil Field located in Punjab. The company announced this significant dev...

Fifth Consecutive Cut: SBP slashes policy rate by 200bps to 13%

KARACHI: The State Bank of Pakistan (SBP) has announced a 200 basis points reduction in its key policy rate, lowering it to 13%. This decision marks the fifth consecutive rate cut since June 2024, when the policy rate stood at 22%. The reduction, ef...

Gold price per tola increases Rs3,100

KARACHI: On Wednesday, gold prices in Pakistan registered a notable increase, in line with the rise observed in the international market. In the local market, the price per tola reached Rs280,500, reflecting a single-day gain of Rs3,100. Similarly,...
Need Help? Chat with us