Karachi: The Pakistan Stock Exchange (PSX) exhibited a positive trajectory today, closing up by 366 points at 79,018, spurred by investor anticipation of monetary policy easing. Following the trading session, the State Bank of Pakistan Monetary Policy Committee announced a significant rate cut of 200 basis points.

According to JS Global, today’s market activity was concentrated on smaller stocks with the total traded volume standing at 584 million shares. Key players driving the volume included KOSM, WTL, TPLP, TPL, and AGL, with varying performance metrics. The market’s buoyancy is attributed to expectations prior to the confirmed interest rate cut, with recommendations for investors to adopt a buy-on-dips strategy focusing on cyclical sectors such as Cement, Steel, Automobile, and Technology.

The day’s performance aligns with broader trends noted over the year, reflecting a general upswing in market capitalization and investor confidence within cyclical industries, bolstered by strategic rate adjustments aimed at stimulating economic growth and investment.