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Stocks manage modest gains in choppy trade

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KARACHI: After an extensive buying spree overnight, the Pakistan Stock Exchange (PSX) experienced selling pressure on Tuesday but eked out gains to remain in the green zone as strong financial results supported the index.

Ahsan Mehanti of Arif Habib Corporation said the market turned flat due to late session selling amid a bearish trend in global equities, weak rupee and falling international crude oil prices.

He noted that the anticipated easing of monetary policy, the government’s commitment to addressing US tariff issues, and the expected release of the IMF tranche next........

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