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PSX hits new milestone as KSE-100 surges previous 66,000 mark

by Pakistan Latest News Update
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Bulls maintained their grip on the Pakistan Inventory Change (PSX) because the benchmark index shot previous the 66,000 mark on Friday by gaining over 1,000 factors.

Based on the PSX web site, the KSE-100 index gained 1,302.45 factors or 2.01% to achieve 66,020.52 factors at 11:39am through the intraday buying and selling.
Raza Jafri, who’s the pinnacle of equities at Karachi-based Intermarket Securities, stated that the banks and power sector lead the rally on the bourse as low cost valuations and a fairly settled surroundings assist flows stay robust as international and native buys proceed to take a position.
“The MPC (Monetary Policy Meeting) next week should set the tone for near-term trading. While unchanged interest rates are widely expected, investors will look for clues in the text of the monetary policy statement to gauge how much interest rates can come down by next year,” he added.



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