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PSX hits new high on crucial inflow

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KARACHI: As anticipa­ted, the inflow of $1.2 billion from the International Monetary Fund (IMF) and an increase in workers’ remittances on Tuesday enthused economic optimism among the equity investors, triggering aggressive value-hunting, which helped the benchmark KSE 100 index to scale an all-time high above the 169,000-point barrier as remittance data also fuelled the rally.

The inflow has alleviated concerns about potential delays following the release of the long-awaited Governance and Corrup­tion Diagnostic Assessment (GCDA) on Nov 20. This assessment........

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