Bulls take charge as PSX sees strong surge

Brokers at the Pakistan Stock Exchange (PSX) in Karachi saw a positive start to the week, with the market surging over 850 points due to strong investor confidence and buying activity. The benchmark KSE-100 index rose by almost 1%, reaching 90,872.54 points. Analysts attribute the surge to various factors, including expectations of an interest rate cut next month and improved liquidity in the country. Investors are also speculating on a major cut in the policy rate by the State Bank of Pakistan and government plans for the privatisation of state-owned enterprises. Stay tuned for more updates on this developing story.