KSE-100 index advances 0.85pc

Staff Reporter

The stock market on Monday snapped a three-session bearish spell and rose nearly 400 points on the back of positive indicators.

During the session, Pakistani rupee lost ground and touched almost a 10-month low of Rs163.67, which provided support to technology and textile sectors.

Moreover, according to data released by the Pakistan Bureau of Statistics, the inflation measured by the Consumer Price Index (CPI) spiralled down to 8.4% in July, which strengthened investor confidence.

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