KARACHI: Selling at the local capital witnessed on Friday eroded 166 points from the benchmark KSE-100 Index which closed at 14,957 – below the psychological level of 15,000.
The investors opted for profit taking in view of prevailing political uncertainty in the country.
Although today's session commenced in the green zone, later selling by investors switched the Index into bearish mode, taking away 166 points.
Towards the end of the trading session, minor recovery was seen on the back of buying in select scrips from banking and insurance sectors but the benchmark index could not maintain 15,000 mark.
Average daily trade volume stood at 201 mln shares.
KSE-30 Index registered a decline of 148 points to 18010.
Stocks plunge below 15,000 level on weekend
KARACHI: Selling at the local capital witnessed on Friday eroded 166 points from the benchmark KSE-100 Index which closed at 14,957 – below the psychological level of 15,000.
The investors opted for profit taking in view of prevailing political uncertainty in the country.
Although today's session commenced in the green zone, later selling by investors switched the Index into bearish mode, taking away 166 points.
Towards the end of the trading session, minor recovery was seen on the back of buying in select scrips from banking and insurance sectors but the benchmark index could not maintain 15,000 mark.
Average daily trade volume stood at 201 mln shares.
KSE-30 Index registered a decline of 148 points to 18010.
