Global Stock Exchanges - Bears return into Pakistan market.


Investor sentiment on Friday took a hit at the bourse following four days of bullish momentum as the benchmark KSE-100 index dived 534 points in the wake of placing of Pakistan on the Asia-Pacific Group's (APG) enhanced monitoring list.

The action was taken after the APG found Islamabad's performance unsatisfactory on three-fourths of the Financial Action Task Force's (FATF) recommendations, which sparked panic selling at the Pakistan Stock Exchange. The first session began on a positive note as the KSE-100 index made handsome gains and crossed the 32,000-point mark for a brief period. However, selling pressure soon emerged and the first session ended with a loss. At close, the benchmark KSE...

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