Pakistan Stock Exchange shares rise 800 points as investor confidence grows

Shares at the Pakistan Stock Exchange (PSX) rose by 800 points in intraday trading on Monday, with the KSE-100 index reaching 116,089.76 points. This increase reflects growing investor confidence amid signs of political stability and expectations of a potential interest rate cut. A record number of accounts have opened at the PSX in recent months, indicating increased trust in the economy. Individual buying activity reached $22.1 million this month, driven by optimism about improving economic conditions. The State Bank of Pakistan's Monetary Policy Committee will meet on January 27 to discuss interest rates. A survey showed that 61% of market participants expect a rate cut, with many anticipating a reduction of 100 basis points.