CNews KARACHI: Stocks continued to slide on a second consecutive day Friday and the KSE-100 Index lost 168 points to close below the level of 14000 level at 13915.
The share market carried forward Thursday’s hangover and opened in the red zone. The negative trend continued throughout the two sessions at the weekend. At one the 100 Index took a steep plunge by more than 300 points on a rumour of a bomb in the parking lot of Karachi Stock Exchange.
However, slight recovery was witnessed towards the end, as market participants learned there was no substance in the reports of bomb threat.
The total of 346 scrips were traded on Friday; 215 declined while 103 advanced and 28 remained unchanged.
Trade volumes picked up to 256 million shares as compared to 245 million shares traded during the last session.
The market analysts believe that short recovery could be seen at the beginning of the next week.
The share market carried forward Thursday’s hangover and opened in the red zone. The negative trend continued throughout the two sessions at the weekend. At one the 100 Index took a steep plunge by more than 300 points on a rumour of a bomb in the parking lot of Karachi Stock Exchange.
However, slight recovery was witnessed towards the end, as market participants learned there was no substance in the reports of bomb threat.
The total of 346 scrips were traded on Friday; 215 declined while 103 advanced and 28 remained unchanged.
Trade volumes picked up to 256 million shares as compared to 245 million shares traded during the last session.
The market analysts believe that short recovery could be seen at the beginning of the next week.
