KSE-100 index ends with negative note

Monday 27 February 2017 2 months ago 23   Karachi   Print

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Report  Web desk : The KSE-100 Index ended with a fall of 487.25 points and downed to 49000 level, but managed to close above the 48,500-point level as lack of positive triggers continued to dominate the local investors. At close of the day the benchmark-100 share index ended at 48,750 points. Verdict on the Panama case is awaited after the hearing concluded in the previous week, leading to investors exercising caution. In addition, lack of positive news flow and regulations over in-house financing remained mood dampeners for stock market participants. The KSE-100 Index has been on a downward trajectory ever since it crossed the coveted 50,000-point barrier at the end of January. It has retreated close to 3.5% since hitting its record high. The SECP action against brokers caused the caution in investors and that leads to lessen the trade volume. (01)