KSE-100 index sheds 554 points on heavy selling

KSE-100 index sheds 554 points on heavy selling

Karachi (Staff Report): The KSE-100 index plunged 554 points (1.1 per cent) as a result to close at 49,214 points.


The benchmark-100 share index fell as much as 670 points, before investors resorted to value-buying. However, negative sentiment overweighed any buying momentum as the index ended near the 49,200 level.

Elixir Securities analyst Faisal Bilwani said Pakistan equities lost ground as benchmark KSE-100 Index settled 1.1% lower near 49,200.