KMI lost 26.02 points

KMI lost 26.02 points

KARACHI: The State Bank of Pakistan (SBP) intervention in the currency markets to stabilize rupee value would work well for the market on Friday.

Furthermore, positive implications on political front and favorable news from India on market access likely to bode well for market. Market is expected to remain range bound today.

The Halal stocks KMI 30 index lost 26.02 points to close at 21,148.29 points as against 21,174.31 points, the closing figure of the previous session. The fall of oil prices in the international market pushed down the oil sector at the local bourse on Thursday.

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