Shares at PSX hit fresh record on rate cut hopes, IMF talks

Pakistan Stock Exchange’s benchmark share index touched another all-time high on Wednesday, breaching the key level of 75,000, on hopes that easing inflation could pave the way for interest rate cuts as early as June.

Still attractive stock valuations, expectations of more foreign inflows, and the start of talks with the International Monetary Fund (IMF) on a new loan programme added to the bullish sentiment.

The KSE-100 index was trading at 75,013 points at 10:31am, up 0.7 per cent, after hitting an intraday high of 75,115.