PSX gives up gains despite IMF deal
PSX gives up gains despite IMF deal
The Pakistan Stock Exchange (PSX) closed lower during the outgoing week, with the benchmark KSE-100 index shedding 1,066 points, or 0.6%, to settle at 167,089 on Friday, as persistent geopolitical tensions offset optimism over Pakistan's staff-level agreement with the International Monetary Fund (IMF) for disbursement of $1.2 billion in loan tranches. On a day-on-day basis, Monday saw a negative start due to regiona...