KSE-100 loses nearly 250 points on FATF decision

The Pakistan Stock Exchange (PSX) endured a bearish session on the last trading day of the week on Friday as the benchmark index dipped in the wake of the Financial Action Task Force’s (FATF) decision. Contrary to the market expectation, the FATF retained Pakistan on the grey list, while noting that “good progress” has been made in completing the required action items for removal from the list. Adding fuel to the bearish session was the uncertainty about the ongoing talks between Pakistan and the International Monetary Fund (IMF) as the…

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