Benchmark 100 Index closes below 40k level

By
Ashraf Khan
|
Benchmark 100 Index closes below 40k level
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KARACHI: For its weekly close, the benchmark 100 index closed below the 40,000 level.

Political uncertainty kept confidence levels of participants low as the market traded mainly in the negative region. The market registered an intraday high and low of +73 points and -449 points respectively.

Institutional  buying later during the day give some boost to ailing index closing at 39,872 falling 114 points. Market participation for the day remained low at 328 million shares.

Invest Finance Security Limited CEO, Muzammil Aslam said that 100 index from its peak high 41,545 dropped almost 1673 points to date and investors lost almost Rs.350 billion in the last seven trading days.