KARACHI: The Karachi Stock Exchange tried to recoup some early losses, however, it remained in negative zone as 100-index lost 86.34 points till midday compared with597.68 points it shed on opening.
The stock witnessed maximum trading level of 34012.49 points and minimum trading level of 33137.30 points, with the total volume of 159,239,670 shares, having Rs9,513,255,938 value.
Earlier, the KSE started week with negative note as 100-index plunged by 597.68 points or 1.76 per cent to 33414.81 points level.
Last week, the stock market continued to climb upwards as investors went on a buying spree ahead of the budget announcement, resulting in the benchmark KSE-100 index gaining 955 points (2.9%) to close above the 34,000-point barrier.
However, the analysts have predicted that the hike in Capital Gains Tax (CGT) announced in the federal budget will likely suppress market sentiment in the current week.