After days of a strong trend, the KSE-100 index slightly declined.
Following a few point losses, the Pakistan Stock Exchange (PSX) saw a decline in trading on Wednesday.
The KSE-100 index rose 300 points to 118,811 in the early trading hours.
However, the joy was short-lived as the key index fell to 117,942 points at 1pm.
A day earlier (Tuesday), the PSX continued to have bullish trend amid positive news on economic front. After rising more than 800 points, the benchmark KSE-100 index briefly reached 119,217 points.
The trade ended the day at 118,430 points, down from 118,383 on Monday.
The market got a shot in the arm after Federal Finance Minister Muhammad Aurangzeb’s assurance to International Monetary Fund (IMF) Managing Director Kristalina Georgieva that Pakistan would continue the IMF-guided reform agenda.
On the first day of the 2025 World Bank Spring Meetings, the finance czar met with the head of the IMF.
