<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The KSE-100 Index closed down 476.02 points(-0.32%) at 146,529,
after hitting an intraday high of 147,892, amid profit-taking. Concerns linger as
the government reported over Rs 6 trillion in losses from state-owned enterprises.
However, Moody’s upgraded Pakistan’s local and foreign currency ratings to Caa1
from Caa2. Meanwhile, an IMF team is scheduled to visit Pakistan next month to review
the country’s economic performance for the release of a USD1.0 Billion tranche, which supported the market sentiments.</span></li></ul>
