The KSE-100 Index surged by nearly 6,000 points, driven by a 4-5% decline in crude oil prices and market anticipation of the SBP maintaining its policy rate. This rally follows recent pressure from geopolitical tensions that had pushed oil above $100. Lower oil prices globally are easing inflation fears, potentially reducing the likelihood of further US Fed rate hikes. For Pakistan, an unchanged SBP policy rate could stabilize the Rupee, while reduced global oil prices might temper imported inflation, offering some support to local gold prices.
بحوالہ / Source: www.brecorder.com