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KSE-Index 100 plunges over 750 points in intra-day trading
- Updated: April 17, 2017
KARACHI: Stocks took a battering as a KSE-100 Index – a benchmark for marketplace opening – plunged over 750 points or 1.6% in intra-day trade on Monday.
The index, that strike a record high during Jan before brokers’ default, regulatory movement and doubt over a Panama box outcome took their toll, was hovering around a 46,850-point symbol by 2:20pm.
Thin appearance keeps KSE-100 underneath pressure
Volumes remained on a reduce side, suggesting that even during these appealing valuations there was small seductiveness on a partial of participants who are opting to wait for clarity on a domestic front.
The thrust follows that of identical bearish runs during a prior week when a KSE-100 strew 506.68 points on Thursday and another 373.52 points on Friday.
KSE-100 index closes during three-month low
Investors have opted to stay on a sidelines as domestic doubt per a Panama box outcome has overshadowed any certain triggers that might arise from Pakistan’s reclassification into MSCI’s Emerging Markets Index subsequent month.