Pakistan’s Stock Index Rises to Record on Reforms, Earnings
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Pakistan’s Karachi Stock Exchange 100 Index, Asia’s cheapest benchmark gauge, rose to a record after banks and oil companies reported an increase in profits and the government amended a tax on shares.
The index of 100 companies traded on the Karachi exchange rose 0.4 percent to 15,712.21, surpassing the previous record close of 15,676 set on April 18, 2008.