KARACHI: The bulls ended a three-day losing streak on Thursday following a rating upgrade that improved the economic outlook, leading to cherry-picking and lifting the benchmark index above 78,000.

Ahsan Mehanti of Arif Habib Corporation said stocks closed bullish on Moody’s Ratings’ upgrade to Caa2, raising the outlook to positive on reduced default risk.

He added that falling bond yields and greater certainty on Pakistan’s external source financing ahead........

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