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PSX Gains 96 Points

KARACHI: The stock market extended gains on Wednesday on the back of a host of positive triggers and the benchmark KSE-100 index gained nearly 100 points.

Trading kicked off with a spike with the index surpassing the 45,000-point mark in first hour of the session.

However, gloomy scenario on the back of rising coronavirus cases and World Bank’s projection of Pakistan’s public debt surging to 94% of gross domestic product (GDP) in the current fiscal year shook investor confidence. The index dived by the end of the session.

At close, the benchmark KSE-100 index recorded an increase of 96.82 points, or 0.22%, to settle at 44,587.85 points.