KARACHI: The bears grabbed control of the Pakistan Stock Exchange (PSX) on Friday and dominated trade throughout the previous week as uneasy investors looked for encouraging signs despite rising worries about the country’s political and economic predicament.Investors remained cautious ahead of Finance Minister Ishaq Dar’s meeting with IMF officials, which has the potential to change the direction of the market, despite a number of positive financial data.
Commercial banks and index-heavy technology were the main laggards, where a slight sell-off was seen.The benchmark KSE-100 index dropped 137.22 points, or 0.33%, to settle at 41,948.50 points.
