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Midday: Bears haunt markets, KSE sheds 50 points

Midday: Bears haunt markets, KSE sheds 50 points

KARACHI: Started with downward trend, the Karachi Stock Exchange (KSE) 100-index further shed 50.48 points to reach 30052.75 points on the first day of trading on Thursday noon after five days of Eid holidays.

The KSE 100-index gained 397.58 points in the week-long trading, as it opened at 29705.65 points on last Monday and closed at 30103.23 points on Friday, despite another week of sit-ins and public meetings, creating political chaos across the country.

The protesting leaders, Pakistan Tehreek-e-Insaf Chairman Imran Khan and Pakistan Awami Tehreek Leader Tahirul Qadri, celebrated Eid in the sit-ins, being staged in the federal capital of the country. Finance Minister Ishaq Dar has said that people have rejected sin-ins politics, while Punjab Chief Minister Shahbaz Sharif was of the view that prolonged protests had destroyed economy badly and Imran Khan was the only responsible of this loss.