KARACHI: The Pakistan Stock Exchange (PSX) on Monday extended its record-setting rally for a second consecutive session, propelling the benchmark KSE-100 index past the 173,000 mark amid optimism over talks with the United Arab Emirates (UAE) to convert $1 billion of its financial support into long-term investment aimed at easing Pakistan’s external debt burden.

According to Topline Securities, bullish sentiment dominated the market as investors drew confidence from reports that a UAE entity is considering the acquisition of a strategic stake in the Fauji Group. The prospective investment has fuelled expectations that........

© Dawn Business