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Midday: Bears make strong comeback, KSE plunges 258 points

Midday: Bears make strong comeback, KSE plunges 258 points

KARACHI: The investors have to bear huge loss as Karachi Stock Exchange (KSE) 100-index Wednesday plunged 258.30 points, reaching 30096.92 points with volume of 4,258,484,211 shares till midday.

The country’s biggest stock exchange witnessed maximum trading of 30403 and minimum trading of 30062. Earlier, benchmark KSE-100 index opened with negative trend and shed 21 points or -0.07 to reach 30333.58.

The KSE, on Tuesday, could not sustain Monday’s gains and ended in black. The country’s biggest stock market closed yesterday with 39.19 points loss to reach 30355.22 points and volume of 118,614,590 shares.