Global Stock Exchanges - STOCK EXCHANGES AROUND THE WORLD - Pakistan stocks edge down 28 points over FATF decision.

• Author: Kazmi, S. Kamal Hayder

Byline: S. Kamal Hayder Kazmi

As investors braced for the Financial Action Task Force (FATF) verdict on Friday, the benchmark KSE-100 Index inched down 28 points due to speculation over the outcome. The FATF decided to keep Pakistan on the grey list after Islamabad could not fully implement the 27-point action plan, providing the country another four months to complete the remaining actions. However, Pakistan staved off the threat of being placed on the FATF blacklist. At this point, investors began cherry-picking and the first session ended with a gain of 124 points. The second session erased all the gains and the index fell into the negative territory.

At close, the benchmark KSE...