LAHORE: Bearish trend entered the new week as the Karachi Stock Exchange Monday down 0.62 per cent, dropping 207.49 points to reach 33465.23 points level.
The highest and lowest trading level remained 33850.40 points and 33399.77 points respectively as the stocks recorded total volume of 37,885,590 shares, having Rs2,416,192,664 value.
Last week, volatility continued as fears of continued selling by foreign investors, further depreciation of rupee, volatile oil prices, sector-specific concerns, and expectations of selling by local CPPI funds continued to deter fresh buying in the market. As a result, KSE 100-index remained range-bound and fell down slightly by 0.6 per cent WoW to close at 33,673 points with average traded volumes down 29 percent WoW to 206m shares. Average daily volumes declined by 29 per cent WoW, whereas traded value declined by 26 per cent to Rs9.2b/$87.9m).
