KSE-100 sheds 215pts ob selling pressure
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Karachi: KSE-100 fell below 78,000-point mark on Monday as positive start to trading session made way for selling pressure that even dragged index close to 77,500 level.
At close, benchmark index settled at 77,830.34, lower by 214.96 points or 0.28 percent, as some late-session buying erased some losses. On Monday, across-the-board pressure was seen with cement, autos, oil and gas marketing companies, tech stocks feeling heat. Volume on all-share index decreased massively to 471.75 million from 600.72 million. Value of shares also decreased to Rs 16.9 billion from Rs 21.07 billion in previous session. Kohinoor Spinning was again volume leader with 134.86 million shares, followed by Yousuf Weaving with 43.55 million shares and Flying Cement with 15.14 million shares changing hands. Shares of 441 companies were traded on Monday, of which 115 registered an increase, 275 recorded fall while 51 remained unchanged.