KARACHI: On Monday, the Pakistan Stock Exchange had a weak opening for the week as the investors were not confident because of the political turmoil in the country. The benchmark KSE-100 index lost 0.92 per cent or 400 points amid the speculations of Imran Khan’s arrest in a terrorism case.
However, the Head of Research at Intermarket Securities Raza Jafri was optimistic after witnessing a positive trend in the stock market in the first phase of August.
On the other hand, the rupee also lost value against the US dollar. According to the rates by forex dealers, the rupee lost Rs1.60 and traded at Rs216.25 in the interbank market. On Friday, the dollar traded at Rs214.65.