KARACHI: The Karachi STOCK EXCHANGE benchmark KSE 100-index took a good start on Tuesday and gained 630.85 points or 2.18% to reach 29557.89 after experiencing a one of the worst days of its history on Monday.
The benchmark KSE 100-index witnessed highest trading of 29557.89 points and lowest trading of 28921.76 points with the total volume of 11,849,400 shares.
The KSE has benefited from huge growth in recent years even though the country has been suffering from terrorism and political turmoil for the last several years. However, the market has to face outflow of foreign investment of $131 million compared with a $384 million inflow last year from the start of January to March 29.
Yesterday, among the big losers was UniLiver Pakistan, which shed 425.05 rupees or five percent to close at 8,075.95 rupees. Local investors were also worried over moves by the Securities and Exchange Commission of Pakistan to tighten regulations.