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Closing: KSE 100-index nose-dives by 383pts on foreign selling

Closing: KSE 100-index nose-dives by 383pts on foreign selling

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 383.36 points or 1.16 percent to reach 32768.71 points and volume of 63,262,950 shares on Friday.
Till midday, the KSE opened on a positive note of early trading but again dipped 0.38 per cent, losing 126.32 points to drop to 33025.75 points level.
On Thursday, the KSE fell amid late session profit-taking at KSE on concerns for uncertain global stocks and commodities. Volatility prevailed in yesterday’s session where the 100-index initially opened strong to hit a high of 392 points, however it could not sustain into the green zone, with the index closing down 193.49 points or 0.58% at 33,152.07 points.
High and low were 33243.25 and 32728.20 respectively. Total volume traded in the market was 63,262,950 shares.