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Pakistan's stock market hits a record high after the Prime Minister announces reduced electricity tariffs.
The Pakistan Stock Exchange (PSX) hit a record high as the KSE-100 Index surpassed 120,000 points, driven by Prime Minister Shehbaz Sharif's announcement of reduced electricity tariffs.
The index surged by over 1,800 points, reflecting strong investor confidence and bullish sentiment despite US-imposed tariffs.
Sectors like banking, cement, and oil and gas saw increased buying.
The government's measures to ease financial burdens and resolve circular debt, along with low inflation and IMF support, contributed to the market's positive performance.
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El mercado de valores de Pakistán alcanza un máximo récord después de que el Primer Ministro anuncia tarifas eléctricas reducidas.