Shafaqna Pakistan: The Pakistan Stock Exchange (PSX) started the week on a bearish note on Monday, with investors exercising caution ahead of the monetary policy announcement and amid persistent tensions in the Middle East.
The KSE-100 index dropped 1,058.78 points, or 0.62%, to 169,453.07 from the previous close of 170,511.85. During the session, the benchmark index reached an intraday high of 169,830.11 and fell to a low of 168,691.34.
Investor sentiment remained weak as market participants assessed the upcoming monetary policy decision and its potential implications, while also monitoring the impact of continued regional tensions on financial markets.
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) is scheduled to hold its second meeting of the current fiscal year on Monday to announce its latest policy decision.
The committee is expected to review the country’s latest economic situation, with particular focus on inflation, interest rates, economic growth, and other key financial indicators.
The meeting will determine whether the central bank should maintain the existing policy rate or make an adjustment in response to prevailing economic conditions.
Source: Dunya News
