KARACHI: The Karachi Stock Exchange benchmark 100-index gained 146.76 points or 0.43 percent to reach 33796.44 points and volume of 102,808,790 shares on Monday.
The Karachi Stock Exchange extended the early losses as the KSE-100 Index plummeted by 183.35 points or 0.54 percent to 33759.85 points till mid day trade on Monday perhaps because of foreign selling and profit-taking.
In the early trade of the same day, the KSE continued its losing streak, which had finally snapped the rally after six consecutive weeks of gains, as the benchmark KSE-100 index had earlier reached 33878.84 points with falling of 64.36 or 0.19 percent.
During the week ended February 13, the index, which crossed 35,000 points in the previous week, had lost 713 points (2.1%). It had dropped below the 34,000-point level and ended the week at 33,943 points. The biggest victims of profit-taking were two the Oil and Gas Development Company and MCB Bank.
Meanwhile, correction wave continued at local bourse. Besides, shaky oil prices kept oil stocks in red zone as investors preferred to book profits in overvalued stocks, as per experts.
