Ahead of the State Bank’s Monetary Policy Committee meeting, the Pakistan Stock Exchange witnessed a sharp bearish trend on the first business day of the week, with the benchmark SE-100 index down over 700 points to touch a psychological level of 73,000 today. . came down from
At around 12:51 PM, the KSE-100 index fell 772 points or 1.05 percent to 72,981, from the previous business day’s close of 73,754, according to the PSX website.
It should be noted that the meeting of the State Bank’s Monetary Policy Committee will be held (today) on June 10. According to the report, some experts said that the current interest rate is 22 percent and the inflation rate is 11.8 percent. State Bank will remain cautious despite its capacity.
According to a survey by Topline Securities, 90 percent of participants expect interest rate cuts, but are divided on how much the policy rate will be cut, with the policy rate falling between 100 and 300 basis points. It is possible. has been revealed.
Meanwhile, the State Bank of Pakistan will announce a 100 basis point cut in the policy rate today, Mets Global reports. If it passes, it will be the first reduction in nearly four years.
