After Pakistan unexpectedly lowered interest rates, the stock market rose to a one-week high.

After an unexpected 100 basis point rate cut by the central bank of Pakistan on Monday, the Pakistan benchmark stock index KSE-100 rose to its highest level in a week. The Karachi KSE-100 index rose by 0.6% to 114,780.7 points. BMA Capital wrote in a report that this decision was against expectations of maintaining the status quo, as the central bank prioritized deflationary trends over geopolitical uncertainties.