KARACHI: Despite str­ong anticipation of a sixth straight cut in the interest rate at the monetary policy review meeting later in the evening, the Pakistan Sto­ck Exchange on Monday witnessed a roller-coaster session mainly due to political instability, a hike in gas tariffs and disappointing corporate results.

The Economic Coordina­tion Committee’s decision to increase the gas tariff by almost 17pc for captive po­­wer plants was the key dep­ressant. This move drew a strong reaction from the ex­­­port-oriented players, es­­pecially the textile sector, saying this move would hurt the country’s export competitiveness in the regional........

© Dawn Business