Islamabad, Sep 23: After a week of robust activity, stocks tumbled at the Pakistan Stock Exchange on Monday. The KSE-100 index lost 120 points, settling at 81,954 points.
Last week, the stock market experienced a significant upward trend, buoyed by optimism surrounding a potential deal with the International Monetary Fund (IMF), especially after Pakistan’s name was included in the IMF’s upcoming board meeting on September 25.
The KSE-100 index even broke the 82,000-point barrier, reaching a record high of 82,317 points after gaining 858 points on Friday.
In the interbank market, the US dollar continued to depreciate, trading at Rs277.70 after a decrease of Rs0.21.
