Wednesday , June 19 2019
Breaking News
Home / Markets / KSE-100 maintains bearish trend with 242pts loss on profit taking
KSE-100 maintains bearish trend with 242pts loss on profit taking

KSE-100 maintains bearish trend with 242pts loss on profit taking

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 241.99 points or 0.68 percent to reach 35219.59 points and volume of 175,223,700 shares on Thursday.
Earlier, the KSE took a negative start by losing 200 points to reach 35242.06 points level, during the first half hour trading in morning.
On Wednesday, the KSE-100 index lost 84 points and dropped to 35,462.43 index level after terror attack in Karachi, which left an MQM leader critically injured and shook investors’ confidence.
Weak sentiments on falling global stocks and commodities, political uncertainty and dismal earnings outlook in the oil and banking sectors played a catalytic role in the bearish activity.
The process of demutualization of the KSE is on and some foreign countries have also shown interest to participate in the process. Meanwhile the trading volume of 175,223,700 shares however indicated a slowdown in the market activity which could be a temporary phase when the dust of the political situation settled down in Karachi.
High and low were 35466.51 and 35137.45 respectively. Total volume traded in the market was 175,223,700 shares.