KARACHI: The bears continued to reign over the Karachi Stock Exchanage as the benchmark KSE-100 index fell down 138 points or 0.47 percent to 29566 points in early trading on Monday.
The market opened at the weedend closing of 29705 points and failed to cope with the bearish trend, going further down. The investors appeared cautiouse, preferred to wait and see the trend.
Last week the market remained bearish and fell down below the 30,000 barrier.
SBP dollar purchases fall to 16-month low at $154m
KARACHI: The State Bank of Pakistan (SBP) significantly reduced its dollar purchases from the interbank foreign exchange market in May,...
