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Home / Latest News / Political mayhem takes toll on stocks as 100-index falls below 32,000pts, loses 152pts or 0.48%
Political mayhem takes toll on stocks as 100-index falls below 32,000pts, loses 152pts or 0.48%

Political mayhem takes toll on stocks as 100-index falls below 32,000pts, loses 152pts or 0.48%

KARACHI: The ongoing political mayhem continued to taking its toll on stocks as Karachi Stock Exchange benchmark 100-index fell below the 32,000 points to 31,857. 92 points, losing 152.14 points or 0.48 percent in early trading on Tuesday.

The market opened at the overnight closing of 32,010.33 and remained in red zone, failed to recoup overnight as soon share prices sank with the KSE-100 index went down below its all time high of 32,000.

It is to be noted that on Monday, after a firm opening, the market soon became a casualty of the political mayhem in the country. Market participants moved to the sidelines, manifest in the volume of shares traded which dipped by 100 million shares or 35pc to 186m shares traded on Monday and the trading value dipped 33pc to Rs8.76bn, from Rs13.11bn last Friday.