KARACHI: Selling pressure persisted at the Pakistan Stock Exchange (PSX) on Friday, which pulled the KSE-100 index down by 127 points as poor economic data weighed on investor sentiment.
Pakistan’s trade deficit widened almost 100% to $3 billion in March 2021 whereas the nine-month (Jul-Mar) trade deficit widened over $20.5 billion, according to figures released by Adviser to Prime Minister on Commerce Abdul Razak Dawood on Thursday.
Moreover, the Pakistan Bureau of Statistics (PBS) reported the same day that inflation rose 9.1% in March – the highest pace in nine months.
Both the ballooning trade deficit and the soaring inflation took a toll on the investment climate.
