KARACHI: The Pakistan Stock Exchange (PSX) closed the week on a negative note as the bears and bulls locked horns to take charge of the bourse.
The news of the upcoming mini-budget played on investors’ minds and they resorted to offloading their stockholdings ahead of the introduction of stringent measures for resuming the International Monetary Fund’s (IMF) $6 billion loan programme.
The benchmark KSE-100 index opened on a positive note, however, the market failed to sustain the bullish momentum and dropped. Selling pressure intensified in the second half of the session.
Today, the benchmark KSE-100 index shed 148.52 points, or 0.34%, to close at 44,118.39 points.