Stock Market Surpasses 116,000 Mark Amid Rate Cut Anticipation

The stock market in Pakistan has witnessed a significant surge, with the KSE-100 Index reaching an intraday high of 116,015.28 points. This milestone marks a notable achievement for the market, which has been bolstered by expectations of a policy rate cut by the State Bank of Pakistan. The anticipation of a rate cut has fueled optimism among investors, leading to a rise of 1.25% on the day. Furthermore, remittance inflows have also seen a substantial increase, with a 29% year-on-year rise to $2.9 billion in November. This influx of foreign exchange has contributed to the market's upward trend, providing a boost to the overall economy. As the market continues to navigate the complexities of the global economy, investors remain hopeful that the rate cut will have a positive impact on the market's performance in the coming days.