Pakistan Stock Exchange's KSE-100 Index Continues Upward Trend, Surges Over 900 Points in Intraday Trade
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The Pakistan Stock Exchange's benchmark KSE-100 Index continued its upward trend, surging over 900 points in intraday trade on Monday. The index reached 64,620.13 levels, gaining 916.69 points. This increase occurred as newly elected members of the National Assembly took oath as lawmakers, which is seen as a positive sign for political stability and the economic stability of the country. The surge in points is also attributed to the start of the corporate results season and investor interest in the energy sector due to the government's agreement with the IMF on a dividend return scheme. This positive market trend is in line with the stock market's strong rally, which has been supported by increased foreign inflows, investment agreements with Kuwait and the UAE, a $3 billion deposit extensi...
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