KSE-100 Soars 7.5% MoM on SBP Rate Cut

ISLAMABAD: KSE 100 Index gained 7.5% on MoM basis, this gain can be attributed to cut in policy rate by 100bps by SBP to 11% in its monetary policy meeting – citing improvement in inflation outlook relative to the previous assessments and approval of first review of EFF by IMF board along with a new facility under Resilience and Sustainability Facility of US$1.4bn.

KSE 100 Index Trade in Positivie Zone

Other major developments during the month were: 1) CPI for April 2025 clocking in at 0.3% compared to CPI of 0.7% in the month of March 2025, 2) Car Sales (as reported by PAMA) for the month of April 2025 clocking in at 10,596 units (down by 5% MoM and up 1% YoY) – MoM decline mainly due to delayed deliveries caused by highway closures, 3) Pakistan’s trade deficit for April 2025 coming in at US$3.39bn (up by 55% MoM) – making it the highest monthly trade deficit in 3 years and 4) despite this Current Account for the month of April 2025 posting a surplus of US$12mn, taking 10MFY25 surplus to US$1.88bn – due to high inflow of remittance in the April 2025 of $3.2bn (up by 13% YoY).