Bears dominated at the Pakistan Stock Exchange on Thursday and pulled the KSE-100 index 328 points down owing to gloomy economic indicators.
The market is still reeling from the exceptionally high import figure that shook investor confidence. Moreover, participants expect no respite in December’s import number owing to weakening rupee coupled with climbing prices of commodities in the international market.
Hammering in the foreign exchange market continued as rupee extended decline and closed at historic low value on Thursday.
On the flip side, market rumours of drop in growth of remittances dimmed the market spirits further….
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