In a positive economic development, Pakistan Stock Exchange crosses 43,000 landmark

In a positive economic development, Pakistan Stock Exchange crosses 43,000 landmark

KSE-100 index moved past the 43,000-point level during the trading sessionon Tuesday.

At around 2:00pm, the benchmark KSE-100 index was being traded at43,240.19, a gain of 413.53 points or 0.97%.

On Monday, the index had closed negative for the third consecutive session,driven by political uncertainty and anticipation over monetary policy and,as a result, the benchmark index shed 443.99 points or 1.03% to close at42,826.66 link.

The positive sentiments now come as MPC of the SBP on Monday maintained thekey interest rate at 15%link.

“With recent inflation developments in line with expectations, domesticdemand beginning to moderate and the external position showing someimprovement, the MPC felt that it was prudent to take a pause at thisstage,” the MPC was quoted as saying in the monetary policy statement.