KARACHI: The stock market extended its overnight bearish trend on Thursday as investors continued to offload positions to lock in profits ahead of the rollover week’s close.

Ahsan Mehanti of Arif Habib Corporation attributed the decline to concerns over rupee instability, expectations of further depreciation amid rising imports and subdued remittances, as well as persistent inflation. He added that unresolved issues raised by trade bodies regarding the Federal Board of Revenue’s enforce­ment

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