KARACHI – The Pakistan Stock Exchange (PSX) lost momentum on the first trading day of the week, as the KSE-100 Index saw a decline.
The market started off on a positive note, with investors optimistic about the potential for the first interest rate cut of the year.
The KSE-100 index initially rose by over 700 points, reaching 115,596. However, this optimism was short-lived, and by the end of the day, the index had dropped to 113,500, a decline of 1,360 points.
Meanwhile, the US dollar gained Rs0.05 against the rupee in the interbank market, with the new exchange rate at Rs278.80.
