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KSE 100-Index dips 0.60%, loses 190pts on vigilant trading after PTI’s ‘shutdown’ calls

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 189.93 points or 0.60 percent to reach 31589.82 points and volume of 133,563,780 shares on last day of trading due to vigilant trading by investors as Pakistan Tehreek-e-Insaf calls countrywide shutter down to protest against rigging in 2013 polls.

The Karachi Stock Exchange Friday remained in bearish note as Pakistan Tehreek-e-Insaf (PTI) shut down the country’s business hub and biggest city, Karachi, for demanding Judicial Commission to probe into the election rigging.

It is to be noted that the Karachi Stock Exchange showed resilience after a taking a plunge of 302.51 points or 0.94 per cent to close at 31,781.65 points on Wednesday.

As a whole 27.30 per cent of companies witnessed increase in their shares while 26.81 per cent lost their share value and 2.80 percent companies remained stable.

High and Low were 31779.75 and 31543.29 respectively. Total volume traded in the market was 133,563,780 shares.

On Thursday, the KSE 100-index lost just 1.90 points or 0.01 percent to close 31779.75 points and volume of 156,845,190 shares. Yesterday, the market opened at the overnight closing on a positive note after the government announced hold talks with Pakistan Tehreek-e-Insaf which rekindled the hope for an amicable resolution of the political unrest that had seen violent clashes and war of words.