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Tuesday, June 30, 2009

Troubled Pakistan cheers World Cup victory

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Troubled but cricket-crazy Pakistan celebrated on June 22 victory in the Twenty20 World Cup 3-½ months after an attack on the Sri Lankan team appeared to drive a nail into the coffin of Pakistani cricket

"It's time to cheer," said Sajid Bhanji, a dealer at stock brokers Arif Habib Ltd in Karachi.

His comments were echoed by the market, with the benchmark Karachi Stock Exchange 100shared index up 0.66 percent.

"We've had bad news all around for quite some time now and this victory has definitely resulted in a feel-good effect," said Bhanji.

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