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Pakistan Stock Exchange reaches new heights with 4,000-point surge in just four days

Investor enthusiasm soars with policy rate cuts and rising gold prices
Stock brokers monitor new on television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. REUTERS
Stock brokers monitor new on television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. REUTERS

The Pakistan Stock Exchange is witnessing a record-setting trend, with the Hundred Index rising by over 4,000 points in just the last four days.

The Pakistan Stock Exchange continues to break records, reaching a peak of 120,000 on the 100 Index, much to the delight of investors.

Market analysts attribute this bullish trend to positive news flow.

Brokers suggest that the recent reduction in the policy rate and an increase in gold prices are prompting individuals to invest their money in the market.

Investors indicate that improving economic indicators are driving the market surge.

Read more

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However, they advise exercising caution when investing, as the potential for profit-taking or market corrections should not be underestimated.

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