The Pakistan Stock Exchange (PSX) remained volatile throughout the week, with the benchmark index losing 782 points or 0.95%WoW to close at 81,292 points on Friday, September 27, 2024.

Anticipation of the IMF’s board approval scheduled for September 25, briefly improved investors’ sentiment on Wednesday. However, the positive sentiments were overshadowed by continuation of foreign selling after rebalancing of FTSE Russell, political noise, and concerns regarding the potential termination of contracts with certain IPPs, inducing selling pressure in power sector heavyweights.

Consequently, power generation and distribution sector contributed the significant decline, eroding 800 points from the........

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