KSE-100 sheds 547 points as PSX experiences declining trend
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A declining trend is being witnessed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 has shed 547 points, 1.28 per cent, to fall below 42050 points on Monday (today), reported 24NewsHD TV channel.
According to the informed sources at PSX, as many as 4.57 crore shares, worth of Rs1.22 billion, have been traded.
The financial experts are of the view that investors are cautious about the losses after the recent floods in the country.
“A meeting of the board of International Monetary Fund (IMF) will be held today,” they said.
“The IMF board will approve the installment of $1.20 billion for Pakistan,” they added.
“The eyes of investors are at the approval of the IMF board,” they stated.
Reporter: Ashraf Khan