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 Bear-rule persists: KSE dips 0.56%, 100-index loses 185pts to drop to 33078pts

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PostSubject: Bear-rule persists: KSE dips 0.56%, 100-index loses 185pts to drop to 33078pts   Mon 09 Mar 2015, 10:27 am

KARACHI: Bearish trend entered second consecutive week as the Karachi Stock Exchange benchmark KSE 100-index Monday down by 0.56 per cent, losing 185 points to 33078.68 points.
The market, having total volume of 35,545,400 shares, witnessed highest level of 33305.26 and lowest level of 33056.79 points.
Earlier, the country’s largest stock market started week with bearish trend and down 0.14 per cent, losing 48 points to reach 33215.67 points in early trading.
On Friday, KSE 100-index lost 105.18 points or 0.32 percent to reach 33263.66 points and volume of 87,833,650shares.
Last week, average trading volumes remained flat and stood at 172.6 million shares per day. Average daily values, however, improved 15.1% and stood at Rs10.47 billion. The Karachi Stock Exchange’s market capitalisation reached Rs7.48 trillion ($73.81 billion) at the end of the week.
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