Business: PSX Concludes with a Positive Note, Soars 140 Points Higher

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The Pakistan Stock Exchange’s KSE-100 index rebounded slightly on Wednesday after a day of losses. As of 11:42am, the index was up 381.55 points, or 0.75%. At the close of trading, it settled 149.19 points, or 0.29% higher than the previous day. The surge on Monday, driven by expectations of higher gas prices, was followed by minor losses on Tuesday due to geopolitical uncertainties and concerns about the upcoming IMF review. Stocks of companies like Worldcall Telecom Limited, The Bank of Punjab, Fauji Cement Company Limited, Pakistan State Oil Company Limited, and Oil & Gas Development Company Limited were among the most active. Tri-Star Mutual Fund Limited, Al Shaheer Corporation Limited, Next Capital Limited, Shabbir Tiles & Ceramics Limited, and First Punjab Modaraba were the top performers, while Dewan Sugar Mills Limited, Reliance Weaving Mills Limited, Rupali Polyester Limited, Pakistan Paper Products Limited, and Pakistan Hotels Developers Limited were the biggest decliners.

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