PSX faces bumpy ride amid rollover week, FATF session

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After snapping a three-week winning streak by shedding over 400 points last week, Pakistan Stock Exchange (PSX) seems on a bumpy ride amid roll-over week, political uncertainty and the FATF plenary session starting from February 21.

Moreover, surging crude oil and commodity prices amid Russia-Ukraine tension, which have rattled the financial and equity markets across the globe, may continue to dent the investors’ confidence.

How-ever, strong financial results, Prime Minister Imran Khan’s visit to Moscow and de-escalation in Russia-Ukraine tension may turn around the bourse.—TLTP

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