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KSE-100’s 13-session positive streak ends

KSE-100’s 13-session positive streak ends

KARACHI: The stock market took a much-anticipated breather on Tuesday, as the KSE-100 Index lost 298 points to fall below the 43,000 level.

The negative finish also brought to an end a 13-session winning streak for the benchmark-100 share index with heavyweight automobile and cement sectors witnessing selling pressure.

Several prominent names in the fertiliser and commercial banking sectors also closed in the red zone as high reported selling and profit-taking took their toll on the index.

After a steep rise at the start of the session, the index maintained a downward trajectory, touching 42,566 points at one point before eventually rising again by almost 250 points.