RECORDER REPORT KARACHI: Bearish trend was witnessed at the Karachi Stock Exchange (KSE) on Tuesday due to across the board selling by local and foreign investors, and the KSE-100 Index dropped below 11,000 level.
During the session the index hit 10,768.60 points intra-day low level, down 271.71 points.
However, selective buying in the late hour supported the index to minimize its intra-day losses. The index closed at 10,933.18 level, with a net loss of 107.13 points.
Trading volumes improved to 43.524 million shares as compared to previous day’s 20.914 million shares.
Out of a total of 329 active scrips 175 closed in the negative and only 52 in the positive while 102 stocks remained unchanged.
Habib Sugar was the volume leader with 4.445 million shares, however, it lost Re0.76 to close at Rs.22.02, followed by Hub Power Co. that gained Re0.09 to close at Rs.33.68 with 4.411 million shares.
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