Pakistan, July 28 -- The Pakistan Stock Exchange (PSX) rallied on the first trading session of the week, with the indices accumulating gains throughout the day on back of strong sentiments in the banking sector.
Global equity markets, on the other hand, displayed mixed sentiments on Monday; however, crude oil prices headed north, with WTI crude oil price increasing 0.29pc to $41.41 while Brent crude oil appreciating 0.23pc to $43.88.
"The banking scrips got a much-needed impetus following the SBP's decision to defer its monetary policy for the next two months. The anticipation of a further rate cut died with the central bank's decision, which the investors view as a signal of interest rate bottoming out," said a report issued by AHL Ltd. ...