KARACHI: The Karachi Stock Exchange benchmark 100-index lost 268.87 points or 0.81 percent to reach 33035.77 points and volume of 196,173,890 shares on Tuesday as tension grew in Karachi NA-246 by-elections.
Pakistan Tehreek-e-Insaf (PTI) and Muttahida Quami Movement (MQM) were main contestants in by-elections of NA-246 and as the Pakistan Tehreek-i-Insaf and the Jamaat-i-Islami take on the Muttahida Qaumi Movement (MQM) separately in its stronghold after failing to forge an alliance against their common arch-rival in the NA-246 by-election, political temperature is on the rise in Karachi.
In midday trading, the benchmark KSE 100-index recorded highest level of trading at 33365.86 points and lowest level of 33027.22 points, with the total volume of 67,299,590 shares, having Rs3,798,035,155 value.
Earlier, the KSE also observed fluctuation, however it remained in green zone as the benchmark KSE 100-index gained 33.38 points to reach 33338.02 points, whit total volume of 22,689,100 shares.
Sindh Home Department has decided to impose three-day ban on pillion-riding in Karachi as part of security plan for April 23 by-elections in city’s NA-246 constituency.
The police have devised a security plan for the upcoming by-elections in the National Assembly Constituency NA-246 as authorities fear clashes between political parties.
According to the security plan, 7,300 policemen will be deployed throughout the constituency as all the polling stations have been declared sensitive for the April 23 by-poll.
The High and Low of today trading were 33365.86 and 32826.45 respectively with the total volume traded in the market of 196,173,890.
