PAKISTAN:

It was a choppy day at the Pakistan Stock Exchange (PSX) on Wednesday, as the benchmark KSE-100 Index moved in both directions before ending the session almost flat.

The market opened on a strong note, touching an intra-day high of 166,522.61 points. However, confidence remained shaky and gains were short-lived following news circulating that the Asian Development Bank (ADB) kept Pakistan’s growth forecast unchanged at 3% and flagged delays in reforms, while fresh disclosures to the IMF about a $1 billion hit to exports from floods added to concerns.

Despite the government projecting a lower current account deficit and banking on higher remittances, both lenders' cautious tone was enough to dampen market enthusiasm. As a result, investors opted for profit-taking, dragging the

See Full Page