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Shares at PSX soar 600 points on hopes of rate cut

21 0
24.10.2024

Bulls continued their stampede on the trade floor at the Pakistan Stock Exchange (PSX) on Thursday as shares gained more than 600 points in intraday trade.

The benchmark KSE-100 index gained 689.23 points, or 0.71 per cent, to stand at 87,883.76 points from the previous close of 87,194.53 points at 9:54am.

Mohammed Sohail, chief executive of Topline Securities, attributed the bull run to locals buying aggressively on falling bond yields amid expectations of a major cut in........

© Dawn Business


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