KSE remains in Bearish Note, loses 250pts till 1PM

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KARACHI: The Karachi Stock Exchange Monday remained in bearish note as 100-index lost 69.71 points to drop to 35867.62 points level till midday.

The stock recorded highest trading level of 36008.56 points and lowest level of 35647.36 points, with the total volume of 117,846,430 shares, having Rs. 6,255,136,876 value.

Earlier, the KSE witnessed fluctuation as 100-index shed 22.79 points to reach 35914.54 points level, with the total volume of 41,452,140 shares.

Last week, volatility continued at the Karachi stock market mainly because of major political party resignations from all three levels of the parliament and pressure on global equities amid devaluation of the Chinese Yuan. As a result, the KSE-100 index closed the week 0.8% WoW lower with average daily volumes clocking in 13% WoW higher at 333m shares/day while foreigners remained net buyers worth $0.9 million.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

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