KSE-100 index loses 169 points

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Amanullah Khan

Karachi—KSE-100 Index dipped yet another 169 points to close in red at 39,446 amid the market volumes of 204 million here on Thursday. The volume leader of the day was Sui Northern with a trade volume of 18 million shares to their credit while Dewan Cement and Agri-tech Ltd. second and third volume leaders with respective trade of 14 million and 13 million shares to their credit.
Meanwhile, IMF officials and Pakistani officials concluded their twelfth and final review in Dubai, with mission chief Harald Finger expressing satisfaction at the progress made by the country’s economy. The economy is expected to grow with a rate of 5 per cent in FY-2016/17, supported by buoyant construction activity, strengthened private sector credit growth, and an investment upturn related to the China Pakistan Economic Corridor (CPEC), these positive indicators likely to have a push to stock market activity going forward.

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