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14:54

PSX Sheds 880 Points Amid Concerns over IMF Conditions

From the Blog propakistani Pakistan Stock Exchange (PSX) faced another round of battering as the KSE-100 index shed some 880 points to close at 37517.93 points level at the end to trading on Friday, the last trading day of the week. Except for a brief period at the start of the trading, the market remained in the red zone throughout the day. The market battering was triggered by reports on risks over Pakistan Stock Exchange's exclusion from MSCI emerging market on failing to meet MSCI EM free float rules in the MSCI EM annual review by Jun'19. ------------------------------ ALSO READ Provinces Alarmed by IMF's Proposal to Cut NFC Share ------------------------------ Following a brief stay in the positive territory, the index continued its journey towards the south, falling below 37,550 points. The concepakistanblogs.blogspot.comRead Full PostComments

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