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Stock Watch: KSE-100 declines on power selling

Analysts are of the view that market will regain its footing in the coming days as valuations are still quite attractive

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Business Desk

The Business Desk tracks economic trends, market movements, and business developments, offering analysis of both local and global financial news.

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Stock Watch: KSE-100 declines on power sellingplay icon
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The Pakistan Stock Exchange's benchmark KSE-100 index failed to sustain last week’s record close as foreign selling due to FTSE rebalancing kept investors at bay.

Moreover, futures rollover and heavy selling in power sector stocks dented the overall market sentiment.

Analysts are of the view that market would regain its footing in the coming days as valuations are still quite attractive.

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