KARACHI: Extending the losing streak of the last session when the benchmark KSE-100 index had posted a loss of 403.09 points, 1.21 per cent, to 32,860.57, the index plummeted to 32689.41 points by losing 171.16 points or 0.52 percent in early trade on Tuesday.
The decline was caused by foreign selling which amounted to $6.62m and the expectations for cut in Discount Rate (DR) in upcoming Monetary Policy Statement (MPS) by State Bank of Pakistan.
Experts concurred that in the absence of any major news, volumes remained dull and benchmark index fell on foreign selling. The High and Low were 32899.31 and 32608.99 respectively while the total volume traded in the market was 22,717,300.
