Bulls rally continues in PSX following policy rate cut
KARACHI – The Pakistan Stock Exchange on Wednesday continued to witness bullish trend on following the policy rate cut on Nov 4.It must be remembered that the KSE-100 stood at 92,304 points after gaining 366 points.The Monetary Policy Committee of the State Bank of Pakistan on Monday revised down the policy rate by 250 basis points to 15 percent, effective from Nov 5, 2024.
Moreover, a sharp decline in food inflation, favourable global oil prices and absence of expected adjustments in gas tariffs and PDL rates have accelerated the pace of disinflation in recent months. It said the approval granted by the International Monetary Fund’s Board for Extended Fund Facility program reduced uncertainty in the country and improved the prospects for realization of planned external inflows.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Bulls surge in the PSX amid hopes of policy rate cut by SBPBulls surge in the PSX amid hopes of policy rate cut by SBP
مزید پڑھ »
PSX scales above 90,000 points as rate cut nearsPSX scales above 90,000 points as rate cut nears
مزید پڑھ »
KSE-100 index surpasses historic 90,000 points mark at PSXThe Pakistan Stock Exchange (PSX) continues its bullish momentum, with the benchmark KSE-100 Index surpassing the historic 90,000-point
مزید پڑھ »
PM welcomes policy rate cut, expects reduction in loansThe policy rate reduction would decrease the debt burden by Rs1.3 trillion
مزید پڑھ »
Benchmark KSE-100 index peaks at 90,849 points amid hopes of rate cutBenchmark KSE-100 index peaks at 90,849 points amid hopes of rate cut
مزید پڑھ »
SBP cuts policy rate by 2.5pc as inflation declines faster than expectationsSBP cuts policy rate by 2.5pc as inflation declines faster than expectations
مزید پڑھ »