KSE – 100 Index down 100 points at open

Index continues its bearish streak amid mixed indicators from the market. Global geopolitical tensions have been a major source of turbulence in the equities markets around the world.

Index during the first 50 minutes of trading has lost a total of 114 points, down 0.23 percent currently trading at 45567.72 points.

According to latest news, Adviser to Prime Minister on Finance and Economic Affairs Miftah Ismail is expected to arrive in Washington tomorrow to participate in World Bank Group and International Monetary Fund meetings and is also likely to meet with American officials.

Furthermore, Power Division has reportedly sought an additional Rs 200 billion from Finance Division for smooth power supply to consumers till September 2018, w ell-informed sources told Business Recorder.

Government on Monday set 6.2 percent as growth target for the next fiscal year of 2018 -19, while approving the annual macroeconomic framework, betting on the decades-high number of 5.8 percent during the outgoing fiscal year.