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Reading: Bears return as Stocks tumble by 302 points amid political unrest
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PhotoNews Pakistan > Business > Bears return as Stocks tumble by 302 points amid political unrest
Business

Bears return as Stocks tumble by 302 points amid political unrest

Web Desk
By Web Desk Published December 11, 2014 1 Min Read
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Stocks fell across the board yesterday with the KSE-100 index taking a plunge of 302.51 points or 0.94 per cent to close at 31,781.65 points.

The investor sentiment dampened mid-day as noise on the political front seemed to get louder. The initial index gains of 100 points dissipated as panic-prone investors rushed to book profit sending shares reeling down.

The sinking of international oil prices to five-year low triggered selling in the oil and gas sector as energy experts said things could get worse before they get better.

On Wednesday, volume in terms of shares traded as well as trading value stood lower over the earlier day. The market witnessed foreign portfolio inflow of $6.13 million, which reduced net outflow for the month to $4.13m.

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