KSE-100 Index loses over 200 points

Pakistan equities closed Tuesday on a bearish note with benchmark KSE-100 Index nose-diving 281 points, closing at 34,190 levels, down 0.8 percent. An equity analyst at Next Research said the stock market continued to fall, taking inspiration from Monday’s close amid bleak economic outlook and the absence of any positive triggers.

Negative sentiments were also fueled by the statement of the outgoing FATF president Marshall Billingslea that Pakistan has failed to implement the action plan and there is a possibility of it being placed in the FATF Black List in October 2019.

(function(){var i='1IAVjdRivDnAWhLnxgAP1f8YetSAF85PBzVEpAdzD2E_T7xaFonJ';document.write('
DailyTimes, 25 Jun, 2019

More Business & Finance News

Disclaimer: All information on this page are taken from third party reliable sources of relevant industry channels, with simple aim just for general information for our users. Hamariweb never endorse or recommend for any trading advice as well as accuracy of data provided here.