The KSE-100 index at the Pakistan Stock Exchange fell by 1,085.12 points, or 0.64%, closing at 168,412.23. This decline was largely attributed to a 100 basis point increase in the benchmark interest rate to 11.5%, which dampened investor sentiment and triggered widespread selling across key sectors. The market experienced significant volatility, with an intraday high of 169,313.90 and a low of 168,170.74, as investors reacted cautiously to the tighter monetary policy amidst ongoing geopolitical tensions in the region.
BUSINESSPublished 29 Apr 2026 • Published 23h ago • Updated 18h ago
Pakistan Stock Exchange Declines Amid Interest Rate Hike
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The PSX dropped 1,085 points amid investor concerns following a surprise interest rate hike by the State Bank of Pakistan. Meanwhile, the Sri Lankan market showed slight resilience, with the CSE All Share index rising 0.07%, despite losses in IT and utilities sectors.
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