A four-day winning streak ended at the Pakistan Stock Exchange on Thursday as the KSE-100 index succumbed to profit-taking and dropped 337 points owing to uncertainty about the ongoing Financial Action Task Force (FATF) plenary meeting.
Earlier, trading kicked off on a positive note and the market climbed in initial hours. However, the increase was short-lived as participants resorted to profit-booking, thus eroding the gains and dragging the index downwards.
The bourse fell steadily till the close of trading. A few attempts were made to lift the KSE-100 index upwards, however, they proved futile.