KARACHI: Karachi Stock Exchange (KSE) 100-index remained volatile in early trading on first session of the first trading day on Monday. KSE once in the morning trading plummeted to 29776 and also went up to 29927 points. The market shed 4.15 points to reach 29878.95 points with total volume of 4,716,500 shares till 9:45am.
In the previous week, benchmark KSE 100-index opened on a positive sentiments on the first day of trading but lost 257.07 points in the week-long trading, as it opened at 30149.95 points on Monday and closed at 29892.88 points on Friday.
On political front, the political parties have started flexing their muscles by holding big public gatherings. Pakistan People’s Party Chairman Bilawal Bhutto has officially started his political career in Karachi as Pakistan Awami Tehreek staged a huge public meeting in Lahore. MQM has also announced to say goodbye to PPP-led coalition government in Sindh, further worsening the political situation in the country.