KARACHI – The Karachi Stock Exchange continued its losing streak, which had finally snapped rally after six consecutive weeks of gains due to foreign selling and profit-taking, in early trade on Monday as the benchmark KSE-100 index reached 33878.84 points with falling of 64.36 or 0.19 percent.
However, the High and Low were 34032.83 and 33866.98 respectively while the total volume traded in the market was 13,392,000. 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.
