PSX sheds 715 points as investors brace for policy rate decision.

Broad-based selling hit commercial banks and other sectors as market participants positioned themselves ahead of the central bank's policy rate announcement.

Possible impact on PSX shares

• MEBL Meezan Bank Limited▼ Could be negative

  Meezan Bank shares declined 2.12% as broader market sentiment turned defensive ahead of the monetary policy decision.

  Price when this was written: Rs 523.00 · Live price, chart and results

• HBL Habib Bank Limited▼ Could be negative

  Habib Bank dipped 0.18% in line with the wider market downturn driven by policy rate jitters.

  Price when this was written: Rs 282.75 · Live price, chart and results

• MCB MCB Bank Limited▲ Could be positive

  MCB Bank managed a 0.91% increase despite the market-wide selling pressure ahead of the rate decision.

  Price when this was written: Rs 377.00 · Live price, chart and results

• UBL United Bank Limited▲ Could be positive

  United Bank advanced 1.95% even as cautious sentiment weighed on most banking stocks ahead of the policy announcement.

  Price when this was written: Rs 407.02 · Live price, chart and results

Read the full report

Express Tribune: PSX sheds 715 points as investors brace for policy rate decision