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Market Update:

Pakistan's Policy Rate Reduction
MPC Reduces Policy Rate
The Monetary Policy Committee (MPC) has reduced the policy rate by 150bps.

New Policy Rate
The new policy rate is 20.5%.

Economic Impact
This reduction aims to stimulate economic growth and reduce borrowing costs.

For more information, you can refer to the State Bank of Pakistan website.

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The Pakistan Stock Exchange (PSX) has announced a progressive enhancement of security-wise circuit breakers (CBs). As per the amendments approved by the Securities and Exchange Commission of Pakistan (SECP). This enhancement, scheduled to begin on May 27, 2024, and conclude by July 22, 2024, aims to gradually increase the CBs by 0.5% every fortnight until they reach a 10% threshold. The detailed implementation plan and its implications for market participants are crucial to understand for effective trading and compliance.

Impact on Stock Prices

The enhancement of CBs will directly impact the permissible price range for stocks. For instance, consider a stock priced at Rs. 30 per share:

Current Situation: With a 7.5% CB, the upper cap would be...
https://ddchronicles.com/circuit-breakers-at-psx/