Abb Takk News

Bullish Spell Ends as Week Starts With Red Zone

KARACHI: After a brief upward open, the KSE-100 began a steady retreat into the red zone as investors resorted to profit-taking. The downward trend was seen in sectors across the board due to subdued interest by investors. With no positive developments in sight, the index ended the day in the red.

At close, the benchmark KSE 100-share Index recorded a decrease of 289.44 points, or 0.71%, to settle at 40,442.81.

Overall, trading volumes decreased to 320.1 million shares compared with Friday’s tally of 416.9 million. The value of shares traded during the day was Rs11.4 billion.

Shares of 388 companies were traded. At the end of the day, 147 stocks closed higher, 223 declined and 18 remained unchanged.