PSX surges to new peak in jittery week

KARACHI: Amid escalating regional tensions following an Iranian missile attack on Israel and mounting political tensions due to ongoing protest by the opposition party in the capital, the Pakistan Stock Exchange (PSX) closed the tumultuous week at a record high of above 83,500.

The bullish spell was driven by surging exports, foreign exchange reserves and growing expectations of another 200 basis points cut in the policy rate in the next review due early November.

However, despite a positive economic outlook...