Tag Archives: Profit-taking after IMF tranche wipes out 256 points

KARACHI: Stock trading began on a positive note on Thursday as investors welcomed the approval of the $1 billion loan tranche by the International Monetary Fund (IMF). However, investors found it difficult to “digest” the physiological level of 46,000 points, said a note by Arif Habib Ltd. Resorting to across-the-board profit-taking, they dragged the benchmark index down to the red …

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