KARACHI – Pakistan Stock Exchange (PSX) faced yet another major decline onFriday.
KSE-100 index shed some 880 points to close at 37517.93 points level at theend to trading on Friday, the last trading day of the week.
Except for a brief period at the start of the trading, the market remainedin the red zone throughout the day.
The market battering was triggered by reports on risks over Pakistan StockExchange’s exclusion from MSCI emerging market on failing to meet MSCI EMfree float rules in the MSCI EM annual review by Jun’19.——————————
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Following a brief stay in the positive territory, the index continued itsjourney towards the south, falling below 37,550 points. The concernedinvestors found no respite except to offload the stocks. The sellingpressure was witnessed in stocks across the board.
