Bears maintained their hold at Karachi Stock Exchange (KSE) Tuesday, with the result the KSE-100 index fell by 296.83 points to close at 21,919.63 against 22,216.46 points Monday. Commenting on the market performance, Zafar Moti senior member KSE and Chairman ZMC Securities told Business Recorder that the local bourse witnessed across the board selling on the second day of week. Energy and cement sector were on top in this regard, he added.

Bears maintained their hold at Karachi Stock Exchange (KSE) Tuesday, with the result the KSE-100 index fell by 296.83 points to close at 21,919.63 against 22,216.46 points Monday. Commenting on the market performance, Zafar Moti senior member KSE and Chairman ZMC Securities told Business Recorder that the local bourse witnessed across the board selling on the second day of week. Energy and cement sector were on top in this regard, he added.

The Inter-national Monetary Fund (IMF) and Pakistani economic team will commence Post Programme Monitoring (PPM) discussions from today (Wednesday). Sources said the IMF team arrived in Islamabad on Tuesday for PPM discussions and Pakistan may request the Fund for a new programme as touched upon by Finance Minister Ishaq Dar during the traditional post budget media briefing when he stated that there is no harm in taking a new loan to repay a past loan.