Stocks closed lower on Friday as investors remained concerned ahead of the monetary policy statement next week, where the market expects a 100-200bps increase in the discount rate, traders.
Pakistan stocks closed positive during the outgoing week with expectations of range-bound activity next week, as the market would likely absorb the shock of a 100bps surprise increase in the.
Stocks finished the session higher on Friday, led by technology and energy shares, tracking an overnight Wall Street rally and gains in peers in the region.The Pakistan Stock Exchange s benchmark.
Pakistan stocks lost momentum due to political uncertainty this week, while the week ahead would also stay in check on account of political unrest, traders said on Saturday.Contrary to expectations.
Stocks fall on Friday as investors opted to remain on the sidelines amid political uproar in the country after Pakistan Tehreek-e-Insaf kick started its ‘long march’ to demand for an.