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Opening: KSE loses upward momentum as 100-Index drops 95pts to reach 31347pts

Opening: KSE loses upward momentum as 100-Index drops 95pts to reach 31347pts

KARACHI: The Karachi Stock Exchange 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points in early trading on Friday, the last day of trading.

The bullish spree broke yesterday when the KSE closed losing 187.38 points or 0.59% to settle at 31441.82 points. Earlier on Thursday, the Karachi Stock Exchange opened at the overnight closing of 31,629 points and continued the spree, adding to the joys of investors and brokers. The market appeared buoyant and steady, reflecting its resolve to cross the new highs. However, later market lost its early day gains and shed 187.38 points till end of trading day on Thursday.

It is to be noted that $7.63 million foreign inflows gave a big boost to stock values on Wednesday and local investors took comfort on the return of the overseas investors after profit booking for several weeks.