Times of Islamabad

Pakistan Stock Exchange crashes over reports of FATF blacklisting

Pakistan Stock Exchange crashes over reports of FATF blacklisting

*KARACHI: *The Pakistan Stock Exchange (PSX) was surrounded by dark cloudson the last trading session of the week, as investor sentiments were shakenfollowing news reports regarding Pakistan’s position on the FinancialAction Task Force (FATF) list.

On the economic front, Pakistan’s total foreign exchange reserves dippedslightly to $15.60 million (as on August 17, 2019) from $15,578 million aweek earlier.

Gaining 216.11 points, the index recorded its intraday high of 32,100.56soon after the commencement of the session. The index then drove in thereverse direction, reaching its day’s low at 31,225.06 after shedding659.39 points. It finally closed lower by 534.44 points at 31,350.01.

The KMI-30 Index dropped 849.18 points to settle at 49,876.08, while theKSE All Share Index lost 258.19 points, ending at 22,940.49. Theadvancers-to-decliners ratio was recorded at 122-to-177.