Pakistan Stock Exchange stumbled on Thursday amid profit taking following 4-session strong streak, ahead of Financial Action Task Force ( FATF) decision on Pakistan due on Friday. The benchmark kse-100 lost 336.90 points on Thursday to clock at 41,199.02 index level. On Thursday, the market corrected as kse-100 index surged over 1,400 points during its recent rally, but succumbed to selling pressure. The market braced for upcoming Financial Action Task Force (FATF) decision which will drive the pace of the future course of market trend. The virtual plenary of the FATF, began on Wednesday , Oct 21st and will continue till October 23rd , which will take the final call on Pakistan’s continuation on its grey list after a thorough review of Pakistan’s performance in fulfilling the global commitments and standards in the fight against money laundering and terror financing. Investors are expecting Pakistan to avoid the black list and stay in grey list, since from a total of 27 FATF mandates given by anti-money laundering body, Pakistan has so for cleared 21. However, the government of Pakistan stood persistent to take Pakistan out of the grey list as earlier this month, Pakistan’s Foreign Minister Shah Mehmood Qureshi said, Pakistan would participate in the virtual meeting on the FATF to be held in Paris, and hoped that Pakistan would be on the white list of the FATF soon. Qureshi also mentioned that America and some other countries would support Pakistan on FATF. During the day, the benchmark KSE-100 Index began the session on a positive note and touched its intraday high at 41,818.24 after gaining 282.32 points. However, the index reversed its trajectory and slipped to its intraday low at 41,088.38 after losing 447.54 points later in the day. The index volumes, receded from 398.48 million shares recorded in the previous session to 348.08 million shares, while the overall market volumes also decreased from 661.28 million shares from the previous session to 500 million shares. The volume chart was led by Unity Foods Limited followed by Pakistan International Bulk Terminal Ltd and Maple Leaf Cement Factory Limited. The scrips exchanged 61.31 million, 56.29 million and 44.54 million shares, respectively. Sectors which dented the index were Oil & Gas Exploration Companies with 110 points, Power Generation & Distribution with 85 points, Oil & Gas Marketing Companies with 38 points, Pharmaceuticals with 22 points and Technology & Communication with 19 points. Among the scips, most points taken off the index was by Hub Power Company Limited which stripped the index of 71 points followed by Oil & Gas Development Company Limited with 40 points, Pakistan Petroleum Limited with 33 points, Pakistan Oilfields Limited with 20 points and Meezan Bank Limited with 20 points. Sectors which continued to resist the pressure was Cement with 19 points, Commercial Banks with 10 points, Vanaspati & Allied Industries with 9 points, Automobile Assembler with 6 points and Synthetic & Rayon with 2 points. Among the scrips, most points added to the index was by Bank Al Habib Limited which contributed 74 points followed by Habib Metropolitan Bank Limited with 17 points, Maple Leaf Cement Factory Limited with 15 points, Millat Tractors Limited with 10 points and Fauji Fertilizer Company Limited with 10 points. However, sectors which continued to add pressure on the index were Oil & Gas Marketing Companies with 7 points, Synthetic & Rayon with 2 points and Leather & Tanneries with 1 points. Among the scrips, most points taken off the index was by Abbott Laboratories (Pakistan) Limited which stripped the index of 9 points followed by Pakistan Oilfields Limited with 7 points, Pakistan Stare Oil with 7 points, K-electric Limited with 4 points and Lotte Chemical Pakistan Limited with 3 points.