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Stocks soar higher on stability bets Business March 16, 2021 Stocks on Monday matched the Friday’s stride as the rally set off by government’s Senate recovery endures, dealers said. KSE-100 shares index gained 2.23 percent or 978.51 points to close at 44,766.59 points. On a day-on-day basis total traded volume rose 2.9 percent to 455.35 million shares, while value grew 1.6 percent to Rs21.95. Topline Securities in a note said clarity over senate chairmanship buoyed sentiment, while investors shrugged off concerns of a higher inflation and political noise arising from Long March and PPP’s challenging the Senate chairmanship election in Supreme Court. Major positive contributors were TRG, PSO, LUCK, SYS, and HUBC that cumulatively added around 327 points to the index, the brokerage said. As many as 403 scrips were active, of which 332 advanced, 59 declined, and 12 remained unchanged.

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