Twirp: Terrorist Wahabi Islamic Rep Pakistan 5

[Naresh]

<b>Panic selling at KSE; Index plunges by 427 points</b>

KARACHI : <b>The benchmark KSE-100 Index took a nosedive Monday as Karachi Stock Exchange (KSE) witnessed panic selling in view of the deteriorating law and order situation in the country.

The Index plummeted by 427 points to close at 9,411 on the first trading of the week.</b>

Today’s trade began in the positive zone but later reports of selling by foreign investors in banking and fertilizer sectors turned the numbers red.

Jehangir Siddiqui Global market said that market capitalization at KSE decreased by 4.3 per cent which is the lowest since February 25 this year.

Trade volume was recorded at 210 million shares today.

Arif Habib Securities was today’s volume leader which gained paisas 91 to close at Rs49.50.

<b>Market analysts see a further correction of 400 to 500 points in the coming sessions.</b>

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