LAHORE: The Karachi Stock Exchange remained in negative zone on Monday as100-index lost 222.87 points and reaced 3403.83 points till midday.
Last week, the KSE witnessed range-bound activity during the outgoing week as the benchmark KSE-100 index closed at 34,527, down 0.4 per cent WoW. Average trading volumes picked up by 15 per cent WoW to 458 million shares/day, while foreigners returned net sellers worth US$5.6 million.
During the week, average daily volumes increased by 15 per cent WoW to 458 million shares while average daily value decreased 23 per cent WoW to Rs13.4 billion (US$131.2 million).
Major gains were seen in Media (9.1 per cent), Food Producers (3.4 per cent) and Engineering (2.9 per cent), while major fall was seen in Telecommunications (2.5 per cent) during the outgoing week.
Local banks and foreigners were major net sellers of US$22.5 million and US$5.7 million respectively during the week, while local mutual funds were net buyers of US$11.2 million.
