KARACHI: The Karachi Stock Exchange, continuing losing spree, started week with bearish trend as the benchmark KSE 100-index down 0.28 per cent, losing 92 points and dropped to 32837 points in early trading on Monday.
On Friday, KSE-100 Index advanced by 346.41 points or 1.06 per cent to reach 32,929.09. After the steep decline in stock prices, investors’ interest in attractive valuations was thought to be the major positive factor. The confidence was created after suggestions that SECP and the stock brokers had reached some sort of agreement over the recent inquiries conducted by the regulator into insider trading.
