Karachi, August 23, 2019: Pakistan equities closed Friday negative after a brief rally with benchmark KSE100 Index shedding 534 points, closing at 31,350 levels, down 1.7 percent.
The local bourse came under pressure after the international media suggested that FATF’s Asia-Pacific Group has put Pakistan on blacklist due to many shortcomings in Pakistan’s efforts in combating terrorism and money laundering.
HUBC (-4.2 percent), HBL (-2.5 percent), PPL (-3.1 percent), FFC (-3.0 percent), UBL (-2.6 percent), OGDC (-1.5 percent), LUCK (-2.0 percent), MCB (-1.3 percent) and POL (-1.7 percent) were the major laggards contributing towards the negative index.
Traded value stood at $46 million, down 5 percent and volume stood at 231 million, down 12 percent. Furthermore, major contribution to