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PSX wobbles as IMF agreement news fails to prop-up market

For the past two months, the investors in the Pakistan Stock Exchange (PSX) were hoping that the bandage of a positive IMF agreement news will heal the bleeding stock market.  However, despite the news of an agreement between Pakistan and the International Monetary Fund (IMF), the market is not showing the signs of recovery as expected.  On Tuesday, the market shed almost 800 points and the benchmark KSE-100 index fell beyond the 45,000 points-limit. At the start of the trading Tuesday, the index was at 45,745 points. As the session progressed, the loss-recovery cycle continued with the index closing at 44,948 points at 4pm.  According to economic expert Adnan.

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