KARACHI: Despite the much-anticipated renewal of the multi-billion loan programme with the International Monetary Fund (IMF) and currency appreciation, volatility dogged trade in the stock market in the previous week.
KSE 100-share index
The key KSE 100-share index finished the week down 282 points, or 0.7%, to conclude at 42,309.11 points.Investors’ reactions to the destruction brought on by the nation’s disastrous floods and their overall effect on the economy set the tone for the rest of the week on a bad note.
The executive board was scheduled to convene later in the day to make final decisions regarding Pakistan’s Extended Fund Facility, thus caution was also exercised (EFF).
