Updated on
Summary
tocks at Pakistan's Karachi Stock Exchange (KSE), after positive weekdays, ended the week on bearish note as the main index failed to sustain the 7,500 levels at the end of the week.As it was the last trading session of the week, profit-booking and technical correction was expected, which was exactly the case Friday as the market, right from the start, paid visits to both red as well as green zones after regular intervals, hitting the intra-day highest level at 7,573.04 points owing to active investor participation in the buying activities during the early hours, but in the latter half of the session, investors opted for selling stance that invited a bearish pressure at the Exchange, forcing the main index to touch the lowest level of the day at 7,452.86 levels.It is pertinent to mention here that market experts were signaling at a technical correction towards the end of the week following a huge bullish rally during the weekdays.The benchmark KSE 100-Index lost 27.06 points to close at 7,471.28 levels, the KSE 30-Index shed 7.24 points to rest at 7,993.29, whereas the KSE All Share Index declined by 19.63 points to settle at 5,326.29 levels here.
