KSE slumps by 2.76 %
From Zeeshan Mirza

KARACHI—The local capital market, Tuesday closed 2.76 % down at a loss of 285.76 points to 10055.65, costing around Rs 76.733 billion in the market capital. The profit taking had already set in this week but the improvement of Pakistan’s Credit rating by Moodys this afternoon was expected to cheer up the mood of the market men but equities that showed heavy fluctuation in the early trading, nose dived to test 9982.04 before staging modest recovery towards the end of the day at current levels.
KSE-30 finished 445.85 points lower to 12526.86 trading 90.331 million shares worth Rs 12.031 billion; All Shares Index closed 184.82 points down to 6774.14 and traded 123.609 million shares worth Rs 13.182 billion. The bench mark KSE-100 index traded 105.418 million shares worth Rs 12.885 billion.
The market trading 299.814 million shares worth Rs 26.811 billion, brought gains to scrips of 55 companies, losses to 242 whereas 26 closed firm. Among the volume giants, OGDC lost Rs 1.50 at 116.50, PPL down by Rs 8.80 at 230.50, NBP easy by Rs 12.30 at 234, PTCL fell by Rs 2.