Stock market begins week with selling

KARACHI: The local equities market began the week with selling, as the benchmark KSE-100 Index slipped 23 points to close at 9,591 on Monday.

The investors, adopting caution in view of the increasing value of dollar, preferred to off-load their holdings.

The trade volume was recorded at 130 million shares.

Lotte Pakistan topped the list of volume leaders, gaining paisas 19 to finish the day at Rs11.54.

KSE-30 Index slashed 36 points to peg at 10,020.

The market analysts believe the selling pressure might persist in the next one day or two.

Related posts:

1. Bearish spell at KSE; Index slashes 137 points
2. KSE-100 Index loses 19 more points
3. Karachi stocks 100 index lowered by 426 points
4. KSE Remained Bearish This Week
5. Bearish KSE100-index slips to 9700-point level

This entry was posted on February 2, 2010 at 6:47 am and is filed under Business News. You can follow any responses to this entry through the RSS 2.0 feed.