Stock Market has seen a drop today with a choppy trading session. The 64.14 Points decline in the KSE-100 to close at 42,282.28 points. However, the index improved as soon as it opened, hitting a 198 Points High, later declining. The Asian Development Bank saw an improved growth projection.
The index fell 254 Points before falling back in green but pushed out to red before closing. The Investor interest was seized due to the Financial Action Task Force Development. FATF Bill marred the session as the parliament’s approval and expectation were refused to sanction the bill. The investors were nervous and decided to quit the session.
Shares of worth $1.16 Million were sold by the Foreign Investors, brokers being the major sellers. Others kept picking up the stocks at dips. In the end, the KSE-100 shed 64.14 points in the stock exchange.