Stocks rally amid economic optimism
KARACHI: An improved economic outlook after the launch of the first-ever decade-long $20 billion country partnership programme by the World Bank and growing expectations of a sixth straight cut in the interest rate next week, the stock market maintained a northward drive extending overnight bullish sentiments, helping the benchmark KSE 100 index continued its recovery drive for the second session on Friday despite falling volumes.
The KSE 100 index rose 1,741.27 points to hit an intraday high of 115,779.06. However, it settled at 114,880.49 with a gain of 842.70 points or 0.74 per cent day-on-day on late........
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