PSX snaps record-setting spree after eight weeks

KARACHI: After the ruthless mid-week bloodbath at the stock market that had sent the index in deep red, the bulls drove out bears to stage a partial recovery in the last session on renewed buying interest at an attractive valuation, but the market remained in the negative zone in the outgoing week.

The three-day steep correction post-State Bank of Pakistan’s (SBP) policy rate cut kept the benchmark KSE 100 under pressure, snapping an eight-week record-setting spree.

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