Karachi: The Pakistan Stock Exchange (PSX) saw significant positive movement today, with the KSE-100 index climbing over 300 points. This surge is attributed to a recent rate cut that has buoyed investor sentiment, fostering robust trading volumes and notable gains in several key sectors.

According to JS Global, the trading volume stood at a substantial 916 million shares, up from the previous session, driven by a bullish sentiment that dominated the day’s activities. The increase in the KSE-100 index to a high of 80,017 points was propelled by strong performance across various sectors, with the index eventually settling at 79,333 points at the close of the day. This positive momentum comes amid a broader easing of monetary policy by the State Bank of Pakistan, which announced a rate cut that has significantly lifted market spirits.

Looking ahead, JS Global recommends that investors adopt a ‘buy-on-dips’ strategy, particularly focusing on the Cement, Exploration & Production, and Technology sectors, which are poised to benefit from the current economic environment. The advisory also highlights the substantial interest in shares like WTL, PASL, and KOSM, which led the volume charts for the day.