Source: Xinhua|
Editor: huaxia
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ISLAMABAD, Dec. 17 (Xinhua) Bull-run continued at the Pakistan Stock Exchange (PSX) for the second consecutive day on Thursday with the oil and fertilizer stocks taking the front seat and lifted the key index over 400 points.
The Pakistan Stock Exchange s benchmark KSE 100-Index increased by 0.94 percent, or 406.50 points, to close at 43,766.69 points on Thursday when compared with 43,360.19 points reported on Wednesday.
Companies like Oil and Gas Development Company, Pakistan Petroleum and Pakistan Oilfields posted substantial gains as crude oil prices in the international market went up further to entice investors to buy new positions. Market precipitants also took cue from a recent uptick in urea offtake to buy fertilizer shares.