Pakistan, Oct. 6 -- The Pakistan Stock Exchange (PSX) fell sharply on Monday, with the KSE-100 index losing 1,237.67 points, or 0.73%. The index closed at 167,752.40 amid heavy profit-taking by investors. The sell-off followed reports of discrepancies in Pakistan's trade data, raising investor caution.
The International Monetary Fund (IMF) expressed concerns over mismatched trade figures reported by Pakistan Single Window (PSW) and Pakistan Revenue Automation Limited (PRAL). These discrepancies cast doubts on recent macroeconomic progress and put pressure on the market. Experts say this dip is temporary and confidence will likely return soon.
Read more: PSX hits record 168,000 amid buying frenzy
Market analysts linked the decline to bo...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.