The Pakistan Stock Exchange's KSE-100 index gained over 7,000 points during intraday trade, crossing the 178,000-point level. This rally was driven by improved investor sentiment following a pause in US-Iran military strikes and a significant drop in global oil prices, with Brent falling below $90 and WTI to $85.45 a barrel. The State Bank of Pakistan is widely expected to maintain its policy rate in today's monetary policy announcement. Lower oil prices could ease inflationary pressures, potentially impacting gold's appeal as an inflation hedge and influencing future SBP monetary policy decisions for the PKR.
بحوالہ / Source: www.dawn.com