Abb Takk News

KSE-100 Index Sheds 700 Points on Wednesday

Karachi(June 20, 2018): The stock market witnessed on Wednesday another turbulent session as the KSE-100 index dropped below 43,000 points.

The index fell by 710 points in the absence of positive triggers, which contributed to the overall bearish trend in the market.

The heavyweight sectors were deprived of investor interest, with investors dumping stock as the day neared close of business. The index was resultantly dragged down.

Chemical, fertilizer, and banking sector were all in the red at the time this report was filed.

The index closed on 43,002 points at the close of business, with 13 billion shares worth Rs6.9 billion traded during the day.

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