Shares at PSX climb 500 points in intraday trade

Bulls dominated the trading floor of the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 500 points in intraday trade, with analysts attributing the gains to “good progress” made regarding the privatisation of Pakistan International Airlines (PIA).

On Tuesday, the federal cabinet approved the board of PIA Holding Company, with former State Bank governor Tariq Bajwa being appointed as its........

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