KARACHI: The benchmark KSE-100 Index plummeted by 694 points or 10 percent this week to close at 5,794.However, the Index recovered 60 points on Friday after 38 days on reports of NIT support fund’s becoming active.The average trade volume remained 100 million shares which is 3 percent higher than last week.KSE-30 Index further lost 944 points this week to finish at 5,341.Market analysts believe that stability in the market would be seen next week if buying of stocks begins with Rs20 billion support fund.Sunday, January 4, 2009
KSE-100 Index slide by 10% this week
KARACHI: The benchmark KSE-100 Index plummeted by 694 points or 10 percent this week to close at 5,794.However, the Index recovered 60 points on Friday after 38 days on reports of NIT support fund’s becoming active.The average trade volume remained 100 million shares which is 3 percent higher than last week.KSE-30 Index further lost 944 points this week to finish at 5,341.Market analysts believe that stability in the market would be seen next week if buying of stocks begins with Rs20 billion support fund.
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