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PSEi climbs to 7,124.80 as oil prices drop

THE Philippine bourse rallied back to the 7,000 territory on Thursday as global oil prices tumbled overnight.

The benchmark Philippine Stock Exchange index improved by 1.93 percent, or 134.92 points, to 7,124.80 while the wider All Shares gained 1.38 percent, or 51.47 points, to finish at 3,783.82.