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KSE extends losses with 31.24pts, down 0.09% to close in negative zone

KARACHI: The Karachi Stock Exchange benchmark 100-index lost 31.24 points or 0.09 percent to reach 33895.46 points and volume of 96,957,610 shares on Tuesday.

The benchmark KSE-100 Index till mid day trade on Tuesday soared to 33949.37 points by 22.67 points or 0.07 percent as compared to the bearish activities witnessed in the market on Monday when the index had shed 66.30 points and closed at 33926.70 points.

However, the bearish activity had witnessed amid thin trade after fall in WTI crude oil prices near to $48/barrel. KSE Index traded in narrow range led by second and third tier stocks in cement.

An expert was of the view that uncertainty in global commodities and consolidation post earning announcements played a catalyst role in bearish activity at KSE despite strong results in banking and cement sectors and likely ease in SBP monetary policy stance next month.

The High and Low were 34024.05 and 33870.01 respectively with the total volume traded in the market of 96,957,610.