PSX gains 234 points as Russia-Ukraine standoff fears subdue


The Pakistan Stock Exchange (PSX) turned around on hopes for a diplomatic solution to the Russia-Ukraine standoff, with the benchmark KSE-100 Index gaining 234.77 points (+0.52 percent) to close at 45,675.87 points on Friday.

The market opened on a positive note and remained in the green territory throughout the session. The first half of the session saw low-volume trading, as the investors remained cautious due to a decline in foreign direct investment (FDI) which dropped by 50 percent on a month-on-month basis in January to $110 million as compared to December 2021. Moreover, the rupee depreciated by 47 paisa to 175.86 against the US dollar during the day, TLTP


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