*KARACHI – The Pakistan Stock Exchange (PSX) benchmark index KSE-100 indexlost near 1,000 points, sitting well below 37,000 points.*
The stock exchange has been bleeding points lately, as the outgoing weekshare values reached almost nine-month low mark with recorded a decline of1,772 points.
The decline came amid rising interest rates by the State Bank of Pakistan(SBP), economic uncertainty and the upcoming International Monetary Fund(IMF) bailout. The US-based lender has already pointed out to thegovernment to take harsh steps in order to put the economy back on track.
Technology and Communication was the top traded sector with total tradedvolume of 14,762,500 shares. It was followed by Commercial Banks with atotal traded volume of 9,752,700 shares.