KARACHI: The stocks Monday opened new week with bearish note and lost 156.26 points to drop to 33583.28 points level in early trading.
Last week, benchmark KSE-100 index remained largely flat to close at 33,740. Average daily volume increased by 26 percent to 239mn shares whereas average daily value increased by 17 percent to Rs10.1 billion/$96.4mn in the outgoing week. Oil & Gas and Tobacco sectors were major gainers as they increased by 4 percent and 3 percent respectively during the week. On the other hand, cement and chemical sector were major losers down by 3 percent. Foreign investors were net sellers of $28.3mn during the week, highest in 12 weeks. Net selling worth $7.6mn and $6.2mn was seen in Banking and Chemical sectors.