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Market watch: KSE-100 dives amid economic concerns

Market watch: KSE-100 dives amid economic concerns
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.

PSX reports loss on FATF concerns

PSX reports loss on FATF concerns Index sees range-bound trading due to host of negative triggers KARACHI: Bears maintained hold on the Pakistan Stock Exchange (PSX) in the outgoing week as a host of negative triggers, particularly concerns over the Financial Action Task Force (FATF) review of Pakistan, motivated investors to stay on the sidelines. Resultantly, the KSE-100 index traded range-bound last week and closed at 47,603 level, having lost 635 points or 1.3%. “On the economic front, talks between Pakistan and the International Monetary Fund (IMF) are still underway and both parties seem hopeful of reaching an agreement soon,” said JS Global analyst Ali Zaidi.

MSCI proposes downgrading PSX to Frontier Markets Index

MSCI proposes downgrading PSX to Frontier Markets Index
tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.

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