Pak, Selling pressure continues at KSE

By: outsourceage

Islamabad : Pakistan | 5 months ago

1 0

Source: Karachi Stock Exchange Update

KARACHI: Continued selling pressure further eroded values of leading scrips at Karachi Stock Exchange (KSE) Tuesday as 100-Index lost 85.23 points to close at 7125.11. The turnover volume was also low at 83.518 million shares as prices of 84 scrips recorded gains while 211 sustained losses and 13 remained unchanged. According to market analysts the index opened on a negative note and plunged to 7000 level on selling pressure. However, some buying at the end of the trading supported the market and Index moved up by 100 points. The market capitalization eroded by about Rs 25 billion to Rs 2.112 trillion. Jahangir Siddiqui Co was the volume leader with a turnover of 11.325 million shares.

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