Stocks continue to touch new peaks
Pakistan Stock Exchange (PSX) on Friday continued its extensive buying spree as the KSE-100 index shot up to a new record peak above 75,000 points with investors taking cue from the current account surplus and a surge in central bank’s foreign currency reserves.
The government’s determination to seek an extension in debt payments to Chinese power producers also aided the market’s march towards north because the move may lead to a decrease in energy costs.
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