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KSE remains under pressure as 100-index sheds 90pts till midday

byMatiur Rehman
23/07/2015
in Markets, Stock Exchange
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KARACHI: The Karachi Stock Exchange lost 89.57 points to drop to 35967.11 points till midday on Thursday.

The stock recorded highest trading level of 36115.84 points and lowest level of 35934.25 points, with the total volume of 143,309,780 shares, having Rs7,583,034,036 value.

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Earlier, the KSE started with negative note as KSE-100 index lost 54.34 points to reach 36002.34.

On Wednesday, Karachi stock market closed at fresh all time high on speculations ahead of major earnings announcements due next week. The KSE 100-index posted a gain of 169.02 points or 0.47%, closing at its all time high of 36056.68 points level. Oil stocks remained weak on falling global crude prices. Higher trades in second and tier stocks on strong valuations supported the bullish sentiments.

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