Aggressive buying at KSE; Index surges by 228 points

Posted on July 4, 2009

KARACHI: Bulls returned to Karachi Stock Exchange (KSE) on Thursday as aggressive buying pushed the benchmark KSE-100 up by 228 points to close at 7,498. Investors were seen taking fresh positions in various stocks on expectation of interest rate cut in the upcoming monetary policy besides steps taken to reduce rate [...]