PSX: KSE 100 Index declined by 292 points in a single day

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Pakistan Stock Exchange or PSX had seen a fall of 292 points as KSE 100 Index reached to 41,096 points.

KSE 100 Index reached to 41,096.55 after losing 292 points. In addition, the KMI-30 Index is also decreased by 193.23 points and reached at 19,686.91 points. KSE All Share index had also seen a decline of 118.71 points and hit at 29,816.55 points.

However, despite the positive opening, Karachi Stock Exchange failed to keep the momentum as the selling pressure put the index down in the intra-day trading. According to financial analysts, the lack of any progress or news regarding the IMF loan also kept the activity subdued.

IMF pressured the higher tax collection in Pakistan during the policy level talk about the IMF bailout. However, they expressed their dissatisfaction over the tax collection in Pakistan.

Also Read: IMF pressures on higher tax collection in Pakistan

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