Shares At PSX Gain Over 700 Points On Renewed Rate Cut Hopes | Dawn News English

At the Pakistan Stock Exchange (PSX) on Friday, shares surged over 700 points, with the KSE-100 index climbing by 0.98 percent to 73,370.58 points. Traders anticipated a 15 percent inflation for May and a decline in interest rates over the next financial year, sparking enthusiasm in cyclical sectors.
CEO of EFG Hermes Pakistan, Raza Jafri, noted growing expectations of monetary easing, while Mohammed Sohail, CEO of Topline Securities, highlighted increased investor activity in companies expected to benefit from lower interest rates.
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