KARACHI: The Pakistan stock market took a negative turn on Monday, primarily due to the selloff in technology stocks, dealers said.
Institutional investors were on the selling side, partly due to the redemptions and otherwise due to the concerns on the rising current account deficit and inflation on the back of possible tariff hike.
The Pakistan Stock Exchange KSE-100 shares index shed 0.77 per cent, or 366.33 points, to close at 47,123.62 points. The KSE-30 shares index shed 0.8 per cent, or 151.31 points, to close at 18,814.40 points.
