Despite Interest Rate Cut, Market is Down

Staff Report
Islamabad: The benchmark index was quite volatile during Monday’s session, falling by 1,036 points in early trading. However, it made a strong recovery in the second half, mainly supported by the cement sector, as investors expected a possible rate cut in the monetary policy announcement made. The index closed at 114,102 points, down just 12 points, or 0.01%.

This recovery was mostly helped by key stocks like FFC, DGKC, FCCL, POIC, and MLCF, which together added about 276 points to the index.Pakistan financial market

Investor interest stayed strong, with 398 million shares traded and a total market turnover of Rs 19 billion. POWER led the volume chart once again, with 41 million shares traded.