KARACHI: The KSE 100 index closed up 796 points at 156,467 on Tue­s­day, as a positive economic outlook lifted market sentiment, as investors rea­c­ted favourably to the State Bank of Pakistan’s (SBP) latest remarks on the flood crisis and the broader economic environment.

The SBP’s in its monetary policy statement provided reassurance, stating that while the flood situation remains ongoing, its economic impact has been notably less severe than past crises. This, coupled with the central bank’s decision to keep the policy rate at 11pc, bolstered........

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