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Closing: KSE-100 sheds 349pts or 0.97 % on volatile trading

Closing: KSE-100 sheds 349pts or 0.97 % on volatile trading

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 349.28 points or 0.97 percent to reach 35588.05 points and volume of 157,256,460 shares on Monday.
Earlier, the KSE witnessed fluctuation as 100-index shed 22.79 points to reach 35914.54 points level, with the total volume of 41,452,140 shares.
Last week, volatility continued at the Karachi stock market mainly because of MQM’s resignations from all three levels of the parliament and pressure on global equities amid devaluation of the Chinese Yuan. As a result, the KSE-100 index closed the week 0.8% WoW lower with average daily volumes clocking in 13% WoW higher at 333m shares/day while foreigners remained net buyers worth $0.9 million.
High and low were 36008.56 and 35580.57 respectively. Total volume traded in the market was 157,256,460 shares.