Tuesday June 07, 2022

PSX Sheds Eight Points

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a lacklustre session as the benchmark KSE-100 closed flat with a meagre loss of nearly nine points.

The benchmark KSE-100 index opened upwards but it soon entered the red zone and started losing ground after mid-day. The range-bound session had a dull activity amid the uncertainty regarding the upcoming federal budget for the next fiscal year 2022-23.

Moreover, the continuous depreciation of the Pakistani rupee against the US dollar coupled with concerns regarding the revival of stalled multibillion dollars International Monetary Fund (IMF) programme impacted the investment climate negatively. 

At close, the benchmark KSE-100 index closed at 41,568.41 with a loss of 8.80 points, or 0.02%.

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