Record high: KSE-100 crosses 191,000 as market anticipates rate cut

Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 crossing the 191,000 level, for the first time in history, ahead of the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC), which is scheduled to meet later today (Monday) to decide the key policy rate. At 12pm, the benchmark index was hovering at 190,521.41, an increase of 1,354.59 points or 0.72%. Buying interest was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, FFC, HBL and MCB, traded in the green.