Pakistan Stock Exchange or PSX has seen another negative day as KSE 100 Index declined again.
KSE 100 Index fall by 90.85 points (0.24%) and reached at 38,218.07 points. Investors remained cautious due to the uncertainty over different financial matters. However, there is an uncertainty in market about the Chinese financial assistance, IMF loan, etc. In addition, the rising political temperature of Pakistan and weak macros are also affecting the market.
Vulnerability over the future constrained speculators to pause and watch before taking a dive in crisp purchasing. The market followed the sharp decrease in global oil prices and the emergency in created markets. The drop in oil costs hauled investigation and creation stocks in the red towards the end.
Areas adding to grim execution included investigation and creation, diminishing by 83 points, banks 77 points, automobiles 15 points, nourishment 12 points while tobacco included 23.
Habib, United Bank, DG Khan, Lucky and Maple Leaf Cement exchanged inside a restricted band. Bits of some rumors about increment in cement costs in North made rounds amid the session, however they neglected to have a genuine effect on the upward amendment in concrete costs.