KARACHI: Showing a lackluster performance during outgoing week, the Karachi Stock Exchange benchmark 100 index closed down 1.1 percent from last week to stand at 33,632 points.
The rollover of futures contracts whereas the net foreign selling of $9.6 million kept investors sentiments bearish, despite strong corporate announcements. The average trading volumes dropped by 19 percent WoW to 172 million shares per day.
In the closing week, Indus Motor with trading witnessed increased by 8.7 percent as it outperformed the market over rumors of potential buyback of shares by Toyota. Overall the market remained subdued due to its profit-taking trend. Sectors such as oil and cement contributed largely to dragging the indices down in many sessions of the last week. The shares values and volumes under these sectors were also seen in the red
