KARACHI: The stock market underwent a minor correction on Thursday, ending a seven-session winning streak with the KSE-100 index slipping below the 45,000-point level.
Profit-taking was witnessed across the board amid a chopping trading session that saw much less activity day-on-day. At one point, the KSE-100 index dropped 449 points from its intra-day high of 45,179 before some buying helped the market recover.
At close, the KSE-100 Index ended with a decrease of 246.50 points or 0.55% to finish at 44,816.71 points.
Elixir Securities’ analyst Zainul Abedin said equities closed in the red with the benchmark KSE-100 Index settling below 45,000 and turnover dropping to $66 million, down 50% day-on-day.
