The Pakistan Stock Exchange remained bearish at the end of trading on Thursday, and the KSE -100 index closed at 163,924.31 points after a decline of 2,006.67 points.
Investors in the market remained focused on the State Bank’s monetary policy meeting to be held on October 26, in which a decision on interest rates is expected.
Inflation data, the country’s political situation and the situation in the Persian Gulf were also important factors for investors. Changes in the situation in the region may affect crude oil prices and the prospects of the country’s economy.
Business activities were limited. About 360 million shares were traded in the market for about Rs 18 billion.
The market capitalisation fell by Rs211 billion to Rs18,173 billion at the close of business.
According to the Pakistan Bureau of Statistics, the Sensitive Price Index (SPI) recorded a decline of 0.04 percent in the week ending October 15 compared to the previous week, while on an annual basis, the index was 11.38 percent higher.
According to the schedule released by the State Bank, the Monetary Policy Committee meeting is scheduled for October 26. The decision on interest rates will be important for the business community and investors.
