KARACHI: The bearish trend continued in Karachi Stock Exchange as 100-index dipped 1.51 per cent, shedding massive 492.60 points to drop to 32197.42 points level till midday on Tuesday.
The stock recorded maximum trading level of 32690.02 points and minimum level of 32025.25 points, with the total volume of 89,468,610 shares, having Rs4,335,284,268 value.
On Monday, reaction remained subdued after Eid holidays as turnover remained on the lower side. Falling crude oil prices did not help matters with the index, despite a positive open, failed to find momentum and further went south in the last hour. At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.40% or 132.82 points to end at 32,690.02. Trade volumes fell to 111 million shares compared with Wednesday’s tally of 130 million shares.
