KARACHI, Jan. 26 -- The Pakistan Stock Exchange (PSX) surged past the 190,000 mark for the first time on Monday, driven by expectations of a 50-basis-point cut by the State Bank of Pakistan (SBP) and easing geopolitical tensions between the US and Iran.

Read More: PSX rebounds, gains 655 points to close at 187,688

The benchmark KSE-100 Index touched an intraday high of 191,032.73, rising 1,865.91 points, or 0.99%, before settling closer to 189,788.67. The previous close was 189,166.82, highlighting strong investor optimism at the start of the week.

"The market opened on a higher note amid signs of stabilisation on the US-Iran front, as investors remained cautious ahead of the weekend after reports of US assets moving toward the Middle ...