Bulls decided to take control of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares gained more than 2,900 points in intraday trade. The benchmark KSE-100 index climbed 2,920.68, or 2.62 per cent, to stand at 114,271.85 from the previous close of 111,351.17 at 2:18pm. Experts attributed today\u2019s movement to be driven by the year ending \u201cas institutions aim to close their portfolios at higher rates\u201d. Additionally, he highlighted that the \u201csuccessful rollover\u201d of approximately Rs55 billion in futures was contributing to this trend. \u201cWe believe, KSE-100 Index is set to post another year of strong returns, as interest rates are anticipated to fall to single digits in 2025 due to a strong external account,\u201d they said. \u201cFalling returns from alternative investments are expected to make equities the preferred asset class in 2025,\u201d they added. On Sunday, while talking about achieving sustainable growth, the finance minister noted that inflation had slowed down to nearly 5pc, with the interest rate down to 13pc. \u201cThese are all the things that indicate that the wheel of the economy has started moving and I would be the last person to say that we have achieved whatever we said \u2014 however, in the last six months the macroeconomic stability which makes the foundation is there so that we can achieve sustainable growth,\u201d he said. However, he cautioned that the country was still an \u201cimport-led economy\u201d and it was critical to ensure that they headed towards export-led growth, adding that they had created the foundation where in 2025 they could head towards sustainable growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
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