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KSE-100: stocks extend gains, index climbs by 206 points


KSE-100: stocks extend gains, index climbs by 206 points
July 17, 2021
Bulls took control at the Pakistan Stock exchange (PSX) on Friday to end the week on a positive note as uncertainty around Capital Gain Tax (CGT) submission ended, lifting investors’ sentiments.
On Thursday the benchmark kse-100 index had climbed past 47,800 level after posting about 206 points gain by the closing bell.
The trading kicked off on an optimistic note right after the opening bell as the index climbed steadily for most part of the day and touched intraday high of 47,892.20.
Investors continue to cheer up Eurobond proceeds of $1 billion, which also propped up the State Bank of Pakistan’s (SBP) foreign currency reserves to four-and-a-half-year high, which was also a major positive macroeconomic indicator. ....

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