Pakistan, June 25 -- Pakistan equities closed Monday on a bearish note with benchmark KSE-100 Index nose-diving 653 points, closing at 34,472 levels, down 1.9 percent.
The local bourse kicked off on a positive note, making a high of +69 points but soon came under pressure to touch a low of -757 points.
An equity analyst ta IIS Securities said the KSE-100 index remained negative throughout the session Monday due to the news that Pakistan has failed to meet FATF deadline of May. FATF may consider further action against Pakistan in October if it fails to curb money laundering activities.
Furthermore, Pakistan is to get USD 3 billion in deposits and direct investment from Qatar. Both countries also signed MoUs on tourism, investment, trade a...