KSE-100 Faces Selling Pressure Amid Rising Inflation Concerns

The KSE-100 dropped on Wednesday as investors sold their holdings, concerned about the inflation forecast and caretaker ministry.

The KSE-100 was sitting at 48,148.91 minutes before the end of trading, a drop of 416.84 or 0.86%.

Despite tough trading, the KSE-100 continues to gain ground.

The euphoria over the International Monetary Fund (IMF) programme, along with breathing room afforded by inflows from the UAE and Saudi Arabia, has resulted in the KSE-100 Index gaining more than 15% in just over a month and a half.

However, a 15% increase in the price of petrol in recent weeks, as well as a high inflation projection, have dampened optimistic sentiment on the Pakistan Stock Exchange (PSX).