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KARACHI: Since the beginning of this trading week, the Pakistan Stock Exchange (PSX) has continued to rise despite sporadic declines.
Read More: PSX is at last beginning to bounce back
At first, the energy sector businesses’ surge drove the growth, but by Wednesday, the index was growing overall, with several segments driving the increase.
By noon, the index had climbed to 65,000.12 points from its opening value of 64,454.22, indicating a 545.90 point increase. Companies involved in telecom and petroleum were among the top performers during the first part of the trading day.
Read More: Tuesday continues to be a dull day for PSX
Due to geopolitical tensions along the border between Iran and Pakistan, the index experienced significant changes last week. Tensions have started to lessen, though, now that both nations have restored diplomatic ties and reinstated their ambassadors.
The index gained some strength last week thanks to the clearance of the IMF’s next tranche and the Rupee’s rebound.
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