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KSE loses early gains, 100-index drops 15pts to reach 31439.14pts

KSE loses early gains, 100-index drops 15pts to reach 31439.14pts

KARACHI: The Karachi Stock Exchange (KSE) Thursday could not continue upward momentum of early trading and dropped 15 points to reach 31439.14 points till midday.

Earlier, the KSE gained 53.29 points or +.17 per cent to reach 31507.76 points amid the news reports that the government has sold over $1 billion Sukuk bonds at international market. The stock witnessed maximum trading at 31545.14 and lowest trading at 31437.03 points.

Yesterday, the benchmark KSE-100 index gained 230.73 points or +0.74 per cent to reach 31454.47 points and volume of 145,707,940 shares. The country’s biggest stock market opened at overnight closing of 31,223 and appeared confidence, going up steadily. The market set the pace for the day trading, boosting confidence of the investors.