Karachi – Snapping the minor gain of 5.48 points or 0.02 percent during early trade, the benchmark KSE-100 Index plummeted to 33841.81 points by losing 362.18 or 1.06 percent till mid trading on Thursday.
Falling international oil prices, mid earnings season consolidation and uncertainty in global stock and commodities played a catalyst role in bearish activity at the market.
The High and Low were 34237.20 and 33841.81 respectively with total volume of 78,132,970 traded at the market. Earlier, the index had soared to 34209.47 points with a minor positive change of 5.48 points. Bears had dominated the stock for three consecutive days as the Karachi Stock Exchange ended 0.7pc lower at 34,204 points level. Stocks battered at KSE led by oil, fertilizer and cement scrips on institutional profit taking.
The High and Low were 34209.47 and 34189.14 respectively with total volume of 734,950 traded in the market. Meanwhile, highest increase was recorded in the shares of Nestle Pak which rose by Rs200.00 to Rs10800.00 per share, followed by Colgate Palmolive that appreciated by Rs87.50 to Rs1848 per share.
