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Closing:  KSE-100 index sheds 305 pts, down 0.90%  to end in red zone

Closing:  KSE-100 index sheds 305 pts, down 0.90%  to end in red zone

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 304.63 points or 0.90 percent to reach 33368.09 points and volume of 59,672,890 shares on Monday.

Till midday, the KSE down 0.62 per cent, dropping 207.49 points to reach 33465.23 points level.
Last week, volatility continued as fears of continued selling by foreign investors, further depreciation of rupee, volatile oil prices, sector-specific concerns, and expectations of selling by local CPPI funds continued to deter fresh buying in the market. As a result, KSE 100-index remained range-bound and fell down slightly by 0.6 per cent WoW to close at 33,673 points with average traded volumes down 29 percent WoW to 206m shares. Average daily volumes declined by 29 per cent WoW, whereas traded value declined by 26 per cent to Rs9.2b/$87.9m).

High and low were 33850.40 and 33332.24  respectively. Total volume traded in the market was 59,672,890 shares.