KARACHI:

The Pakistan Stock Exchange extended its losing streak, with the benchmark KSE-100 Index shedding 736 points, or 0.45%, to close at 164,531.

The market witnessed sharp volatility throughout the session on Thursday, swinging between an intraday low of 164,307 (-0.58%) and a high of 166,730 (+0.89%), reflecting growing investor caution.

Persistent selling by local institutions and insurance companies continued to weigh on sentiment, keeping value investors on the sidelines as intraday recoveries failed to hold, observed Ali Najib, Deputy Head of Trading, Arif Habib Ltd.

On the macroeconomic front, the IMF reaffirmed its intent to continue talks with Pakistani authorities ahead of the next loan tranche, while remittance inflows provided some optimism — rising 8% year-on-year to $

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