The stocks on the KSE further weakened on Tuesday as the KSE-100 index was dragged down by 275.75 points or 0.97pc to 28,243.59.
The market opened on a positive note with early intra-day gains of 96 points. However, investors were shaky with no settlement of the political crisis in sight. It pushed investors to take profit near the day’s peak.
As worries intensified and investor sentiments dampened, the index dipped to intra-day low by 307 points, but managed to claw up slightly before the close of the market. The foreign investors sold $0.87m worth stocks on Tuesday.
Selling pressure was witnessed across the board. Market lost further ground during the last hour of trading as the political turmoil intensified. Investors preferred dividend plays.
