PSX Closed the Business Week with Bullish Trend

Pakistan Stock Exchange closed the Business Week positively. Benchmark KSE100 Index on Friday, suspended the Financial Week above 72700 First time in Pakistani Capital Market's History. The Bullish Trend continues since 20th March after announcement from International Monetary Fund about approval of the 2nd Review of IMF Financial Assistance Program for Pakistan leaving it to Formal Approval from IMF Executive Board meeting scheduled on 29th of this month.

Another Factor which drives the Pakistani Stock Market positively is Contracting Headline Inflation to 29%, comparatively low of 35% of February 2024. This development paved the way of Policy Rates Cut in Upcoming meeting of Monetary Policy Committee of State Bank of Pakistan.

SBP will announce Pakistani Monetary Policy on April 29 in a meeting of the Monetary Policy Committee.

The MPC will meet on Monday, April 29 to decide about the Monetary Policy, a press release issued by SBP said. SBP will issue the Monetary Policy statement through a press release on the same day,