Stocks fall on IMF, security concerns

KARACHI: Security concerns amid an inordinate delay in the IMF executive board’s approval for the much-awaited first tranche under the $7 billion Extended Fund Facility kept the market sentiments depressed, forcing the benchmark index to close the outgoing week on a bearish note.

However, a rating upgrade by Moody’s and the Ministry of Finance’s projection of Consumer Price Index-based inflation is likely to fall in the range of 9.5 to 10.5pc in August boosted investor expectations of a...