Pakistan Stock Exchange witnesses steep rise

Pakistan Stock Exchange witnesses steep rise

KARACHI - The Pakistan Stock Exchange (PSX) experienced bullish session on Thursday, with the benchmark KSE-100 index gaining 825 points to close at 41,558.

The index opened higher and managed to touch the day's high of 41,614 points towards market close.

"Government levy of higher import duties supporting auto stocks and subdued political noise played a catalyst role in higher close at PSX," Ahsan Mehanti of Arif Habib Corporation said.

"Market witnessed recovery in today's trading session as value investors availed the opportunity to buy stocks at attractive prices," an analyst's note from JS Rsearch read.

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