KSE-100 index drops to lowest point of 2017

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Web Desk
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KARACHI: The KSE-100 index stooped to a fresh low of the year, sliding another 925 points to close at 42,153.38 on Monday.

Having receded over 20% from its high of 52,876 points on May 24, it can be said that the KSE-100 index has officially entered the bear market territory. 

Financial analyst Muhammad Sohail said that the political situation, constant decrease in foreign exchange reserves and current account deficit, which has reached one billion dollars, made investors cautious.

Last week, the index reached 43,044.12 points, seeing a decline of 2.38 per cent.