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Byline: S. Kamal Hayder Kazmi

The KSE-100 index extended gains on Friday and rose 174 points in range-bound trading. Bullish sentiment was led by an increase in foreign exchange reserves and falling bond yields, indicating economic stability, it is said.

Earlier, trading began with an upward march, however, the rise proved to be short-lived and the index dipped within first hour. Later, strong investor sentiment provided support for the market that recovered steadily and closed with a rise of 224 points in the first session. The second session saw some of the gains wipe off as investors resorted to profit-booking. At close, the benchmark KSE 100-share Index recorded an...

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