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Market watch: PSX soars 2.2% as political turmoil eases
Benchmark index skyrockets 978.51 points to settle at 44,766.59
Overall trading volumes surged to 455.5 million shares compared with Friday’s tally of 442.6 million. PHOTO: FILE
KARACHI:
Bulls dominated trading at the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index rallied, gaining nearly 1,000 points on the back of strong investor sentiment.
Clarity on the political front after the Senate chairman election – which saw Sadiq Sanjrani come back as the upper house chairman – and diminishing concerns over withdrawal of tax exemptions encouraged market players to buy stocks.
Investors also took cue from global financial markets, which helped the index power past the 44,000-point mark. ....

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