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PSX: buying at bourse, KSE-100 gains over 950 points
Buying was observed at the Pakistan Stock Exchange (PSX) following the State Bank of Pakistan (SBP) decision to raise the policy rate by 50bps, with the benchmark KSE-100 Index gaining over 950 points during the opening minutes of trading on Tuesday. At 10:05am, the benchmark index was hovering at 163,997.54, up 959.08 points or 0.59%. Buying was observed in key sectors, including cement, commercial banks, oil and gas exploration companies and OMCs. On Monday, PSX recovered amid choppy trading ahead of the SBP Monetary Policy Committee announcement, with investors cautiously positioning for an...
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