Stocks lose 718 points on budget uncertainty
KARACHI: The Pakistan Stock Exchange (PSX) faltered on Tuesday on economic concerns after the International Monetary Fund (IMF) attached new performance benchmarks to the current $7bn Extended Fund Facility, which dented bullish sentiments and bears dragged the benchmark KSE 100 index below 119,000-barrier on nervous selling by jittery investors.
Topline Securities Ltd said the stock market remained volatile, reflecting a day of consolidation. The benchmark index recorded an intraday high of 211 points and a low of 1,163 points, eventually........
© Dawn Business
