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IMF loan and ease of inflation lead to rise of stock market

Following the dispensing of the first $1.02 billion loan from the IMF - International Monetary Fund and ease of inflation in Pakistan, stock market is supposed to improve, as indicated by a report by AKD Securities.

The market proceeded with its bullish force consistently, with the assumption for a declining interest rate cut and IMF's EFF endorsement being the impetus. The benchmark KSE-100 File acquired 2,240 points increase or 2.76% week-on-week to close at 83,532 points on Friday.

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