BUSINESSJul 15 · 05:26 UTCDAWN[email protected] (News Desk)

Bulls snap losing streak as PSX gains 2,500 points during intraday trade

The Pakistan Stock Exchange's KSE-100 index rebounded from a two-day losing streak, gaining over 2,500 points during intraday trade due to value buying. The recovery was attributed to Trump's replacement of a Hormuz toll with GCC investment commitments and lower-than-expected US inflation, which eased concerns over Federal Reserve rate hikes and oil price surges.

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Mentioned

Pakistan Stock ExchangeorganizationKSE-100 indextopicMettis GlobalorganizationAwais AshrafpersonAKD SecuritiesorganizationUnited States President Donald TrumppersonGulf Cooperation Council countriesorganizationUnited States Federal Reserveorganization

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