KARACHI: The Karachi Stock Exchange (KSE) 100-Index lost 36.94 points on Thursday as the trading ended at 27,774.43 points due to continuing political deadlock in Islamabad.
The highest increase witnessed in price of the Pace (Pak) Ltd, P.T.C.L.A, D.G.K.Cement and Fatima Fertilizer Cowhile the Pak Services, Bata (Pak) Limited, Bhanero Tex, and Wyeth Pak Limited remained the big losers of the day.
As a whole, 20.36 per cent of companies witnessed increase in their shares while 23.01 per cent lost their share value and 4.14 per cent companies remained stable.
Pakistan Tehreek-e-Insaf chief Imran Khan and Pakistan Awami Tehreek chief Dr Tahirul Qadri are not ready to budge from their positions as they are demanding Prime Minister Nawaz Sharif’s resignation.
Earlier, the stocks opened with an overnight closing of 27,811.35 points, but the rally faltered halfway, extending the overnight losses. However, situation got better after midday and the stock gained 55 points at 3:30pm.
The politically charged atmosphere has already shaken the nervous investors. Foreign investors sold equities worth $2.31 million on Wednesday.
