Pakistan, July 30 -- KARACHI - The Pakistan Stock Exchange (PSX) opened with strong momentum on Wednesday as investors grew hopeful about an interest rate cut in the State Bank's upcoming monetary policy announcement. The benchmark KSE-100 Index climbed by 1,054.07 points, or 0.76%, reaching an intraday high of 139,018.88 before pulling back slightly during the session.

Market sentiment turned positive as inflation remained under control, and analysts predicted a policy easing move by the State Bank of Pakistan (SBP). The Monetary Policy Committee (MPC) is meeting today, and traders are closely watching the expected size of a potential rate cut. A lower interest rate could reduce borrowing costs and support corporate earnings, fueling in...