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Stocks tumble as 100-index narrows gains; down to 33800pts level

KARACHI: Stocks tumbled to lose half of early gains to fall to 33800.64 with the benchmark KSE 100-index still intact 35.03 points or 0.10 percent till midday trading on Friday.

The market, however, appeared confident and seemed positive with investors exercising caution as it is the last trading in the market.

There were bulls roaring in Karachi Stock Exchange as benchmark 100-index extended overnight buoyancy, gaining 70.06 points or 0.21 percent to reach another all-time high of 33835.67 points in early trading on Friday.

Eyes are now up on another milestone of 34,000 points mark as the prevailing market tendency points to this direction.

The market opened at the overnight closing of 33765 points in green zone and appeared confident, extending overnight gains.

Stocks on Thursday closed on a new all time high led by oversold oil stocks after WTI Crude recovered near to $49/barrel during the trading session, pushing the KSE-100 Index to a new height at 33765

The market continued with its bullish momentum closing in green zone.