KARACHI – Gaining 249.85 points or 0.73pc, the benchmark KSE-100 Index advanced to 34693.72 points in early trade on Monday from 34,444 points at which the index had closed the week with 1.2 percent WoW hike due to further petrol price decrease and State Bank of Pakistan’s cut of 100bps in discount rate.
The High and Low were 34695.06 and 34443.87 respectively while total volume was 19,366,900. However, average trading volumes last week decreased by 1.3pc WoW to 298m shares/day because of deteriorating law and order in the city, while net foreign buying clocked in at $3.3m agains last week’s net buying of $1.7m.
