Equities rebound, index recovers 945 points

The Pakistan Stock Exchange (PSX) rebounded strongly on Monday, with the benchmark KSE-100 index gaining 945 points, or 0.61 per cent, to close at 155,384.51. The rally came after the State Bank of Pakistan (SBP) maintained the policy rate at 11 per cent, in line with market expectations. The Monetary Policy Committee’s decision to hold rates steady provided relief to investors concerned over the economic fallout from recent floods, inflationary pressures, and disrupted supply chains. The policy continuity signalled a wait-and-see approach amid broader macroeconomic challenges. Value-hunting across key sectors led to widespread buying, helping the index recover from Friday’s sharp losses, which concerns over the IMF programme and weak economic growth had triggered. The index hit an intraday high of 155,602.