Updated on
Summary
Karachi stock market witnessed bearish trend on the start of a new business week as the benchmark 100-index shed more than 250 points. The business activities started in negative territory and the trend prevailed throughout the day. Local and foreign investors preferred selling causing the market to remain under pressure. Also, news about the expected decision of maintaining the interest rate to its current level in monetary policy caused the investors to remain cautious. The KSE-100 index closed at 9409, down 254 points with trade volume amounting to 345 million shares. Jahangir Siddiqui and Co. remained volume leader with share price of Rs 34.76, up Rs 1.11.
