KSE-100 witnesses decline of 102 points
Karachi: KSE-100 witnessed a profit making spell on the first trading session of the week causing a decline of 102 points to close in red at 33,627 levels here on Monday.
Although there was a noticeable foreign investment last week yet investors preferred to off load their holdings before entering a new bullish trend. The achievement of macro level milestones, namely signing of CPEC and successful divestment of government’s HBL stake has reinforced investors’ confidence on Pakistan’s economic reform agenda.
Amid a market volume of 206 million shares traded Monday, BYCO was the top scrip in terms of volume with 20.26 million shares traded to their credit, while K Electric and Fauji Cement were second and third volume leaders with 17 million and 15 million shares respectively.
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