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Market watch: KSE-100 extends losses, falls 161 points
Benchmark index loses 0.35% to settle at 45,728.75
Overall trading volumes contracted to 718.2 million shares compared with Monday’s tally of 722.1 million. PHOTO: REUTERS
KARACHI:
Selling pressure continued to dominate trading at the Pakistan Stock Exchange on Tuesday as the KSE-100 index extended losses from the previous session and recorded a decline of 161 points.
Investors took a cautious stance ahead of Financial Action Task Force (FATF) decision on whether to remove Pakistan from the grey list and they resorted to profit-taking.
Dismal current account data, which showed a deficit of $229 million in January 2021, aided the downtrend with the market trading in a narrow range.
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