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.

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