Surge in liquidity, resumption of IMF program hope lifts KSE-100 index by 316 points
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Pakistan, Jan. 13 -- Pakistan Stock Exchange (PSX)reignited its bullish momentum on Tuesday, after a breather in the previous session, as benchmark kse-100 index continue to hover around 46,000 mark, and closed at 45,922.04 index level after gaining 316.62 points by the closing bell.
Thebuying activity was witnessed across the board, as investors geared up in anticipation of annual financial results. During the session major moves were recorded in blue-chip stocks, especially in banking scrips.During the session market witnessed record volumes owing to increased liquidity in the market which led to heavy interest in Commercial Banks due to expectations of healthy dividend payouts, Exploration & Production sectors due to increase in the p...
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