Record March surplus fuels rally on PSX
KARACHI: Despite overnight concerns regarding a contraction in Large-Scale Manufacturing and decreasing foreign exchange reserves, the Pakistan Stock Exchange (PSX) experienced renewed buying interest from equity investors on Thursday. This boost in confidence was driven by a record current account surplus and a series of positive developments, enhancing the overall economic outlook.
Ahsan Mehanti of Arif Habib Corporation said the market showed a sharp recovery amid a $1.2bn record current account surplus in March and a first-ever two-year extension in an oil........
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