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Stock market: investors in limbo, keeps PSX bearish


Stock market

KARACHI: The benchmark KSE-100 index opened the week with a bearish tone, losing 147 points during Monday’s trading session.

Tuesday saw the index continuing with the same trend. The market opened with a quick decline of 81 points. By midday, the index had lost over 300 points, hovering over 45,557.93 points.

Rupee strengthens, US dollar falls below 300 in inter-bank market

The upcoming Monetary Policy Committee (MPC) meeting scheduled for September 14 is holding the investors in a limbo, with expectations of the interest rates going up even further.

The volume of trading also remained lukewarm at 40 million shares until Tuesday afternoon.

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