Stock Watch: KSE-100 declines on power selling

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.