Investors were jittery due to a constant stream of negative news on economic front, the rising tensions on the border.
It is the fifth consecutive week of selling streak which pushed the index down to March 30, 2015 levels.
In the absence of positive triggers, worries over several issues weighed on investors’ mind.
KSE-100 index dips 539 points (1.8 per cent) on Thursday to close at 29,783.
Banks bid Rs2.3tr, but huddle near three-month tenor.
The slump in Pakistan’s exports continued in May.
“We are also gradually moving away from a fixed exchange rate regime towards a market-based one."
Inflows from China, leading investor in the country, declined by 72 per cent to $429m during the July-April period.
CAD in April declined to $1.24bn, down 45.4pc from $2.275bn in April 18; Inflows from China declined 72pc to $429m.
Policy rate hiked by 150bps to 12.25pc; govt borrows Rs4.8tr from SBP in first three quarters.
Sector’s profitability to remain under pressure amid rising interest rates
The positive sentiment came amid anticipation of capital-market friendly measures to be announced in the mini-budget.
KARACHI: The benchmark KSE-100 index ended its third consecutive session in green, adding 258 points (0.66 per cent)...
KARACHI: Markets ended last day of the week on a positive note gaining 62.6 points (0.16 per cent) before touching ...
KARACHI: The KSE-100 index extended bearish sentiment on Thursday from the previous session to close the day in red...
KARACHI: The KSE-100 index landed in red on Wednesday as investors took to profit-taking amid a dull session marked...
Fertiliser sector contributes to bullish movement on stock market.
Sentiment lifted by reports that 3rd budget will focus on ease of doing business, steps to boost exports, industry.
The index closed at 39,049.08 points after hitting an intraday low of 310.10 points.
Country’s GDP growth rate will plunge to 4.4 per cent clouded by widening twin deficits, Fitch report warns.