KARACHI: Karachi Stock Exchange (KSE) this week went sliding down to 4-year lowest.
The market opened this week downbeat, which persisted all through the week. Foreign investors unloading their shares in energy and banking sectors setting a downward trend sent the market swirling from positive to negative zone due to which the local investors also went weary and cautious.
KSE-100 index this week eroded by 11 percent came crashing below 5000 marks and wrapped up at 4929 points. Average volume of trading this week recorded 23 percent decline and it remained at 98.8 million shares. KSE-30 index this week plummeted by 673 points closed at 5218 points. Analysts believe that the market could see some support at 4800 levels.
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