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KSE: Market value drops from 2017’s $100B to $40B

KARACHI: Though the KSE 100 index has crossed the 85,000-point benchmark for the first time in history, cynics insinuate that the actual market value has shrunk from 2017’s $100 billion to $40 billion.

Earlier, thanks to the augmenting crude oil prices in the world, possibility of strong payouts by the oil sector and the encouraging talks with IMF, the bulls were seen raging all over the bourse on 3rd July, 2024 enabling KSE cross the milestone of eighty thousand (80,180.87) points with benchmark KSE-100 index climbing 627.99 points, or 0.79 per cent.

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