The Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday, with the benchmark KSE-100 Index opening positively but closing lower amid brackly news-taking.
The index hit an intra-day high of 168,518.97 before reversing course, reaching an intra-day low of 165,997.21. At close, the KSE-100 settled at 166,173.74, down 1,578.66 points or 0.94%.
On Monday, the index ended at 167,752.41, declining 1,237.66 points or 0.73%, as investor sentiment was affected by escalating geopolitical tensions with India and brackly news-taking.
In economic developments, the International Monetary Fund (IMF) and Pakistani authorities discussed revising the GDP growth projection for FY2025-26 to 3.5%, compared to the government’s target of 4.2%, citing damages from recent floods to infrastructure, agriculture, and livestock.
Sources indicated that these flood-related losses, coupled with external factors, could contribute to rising inflation in the coming months.
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