PSX: volatility at bourse, KSE-100 settles with over 650 points gain

Business Recorder reported that the KSE-100 closed Monday at 163,038.46, gaining 663.59 points, or 0.41%, in a volatile session. The index fell to 161,250.06 before recovering as buying picked up later in the day, and it briefly moved above 163,000.

The State Bank of Pakistan’s Monetary Policy Committee raised the policy rate by 50 basis points to 12%, citing inflationary pressures and higher global commodity prices. The report also noted that the benchmark had lost 4,044.84 points, or 2.4%, over the previous week, ending that period at 162,374.84.

International markets were cautious, while Brent crude slipped 1.6% to $114.88 after a sharp rise the week before. The rate increase and the benchmark’s reversal from its recent weekly decline put domestic monetary policy and market volatility at the centre of the session.