KARACHI: The bulls pushed the Pakistan Stock Exchange (PSX) to another historic high on Wednesday as the benchmark KSE 100 index surged past 61,000 points with hopes that the State Bank of Pakistan would lower the policy rate in the coming days.Â
The benchmark index gained 702, or 1.16%, during the intraday trade and stood at 61,433 points at 10:09am.
Commenting on the bull run, Head of Research at Pakistan-Kuwait Investment, Samiullah Tariq said that the market was reacting positively because it expects an interest rate cut, a quick International Monetary Fund review and strong profitability of companies.Â
