Abb Takk News

KSE-100 Index Sheds 63 Points

KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index opened in the green on Wednesday, continuing its momentum from the previous day, just hours after Islamabad and the International Monetary Fund (IMF) reached an understanding on the federal budget.

However, the recovery was short-lived as the market reversed the positive trend and lost nearly 70 points after clarification and details regarding IMF’s broad agreement poured in.

At close, the benchmark KSE-100 index closed at 42,458.14 points after shedding 67.81 points or 0.16%.