Stocks extended losses yesterday with the KSE-100 index shedding another 93.22 points to close at 31,223.74.
The market opened on a negative note and tested the intra-day low at 30,942 points, representing a steep fall of 374 points.
Foreign investors turned net sellers on Tuesday in the considerable sum of $5.87m. They opted out of oil & gas to the tune of $2.2m and chemicals $3.6m but picked up stocks worth $1.6m in the cement sector.
Political worries sat on investors’ mind as they wondered over the outcome of PTI protest on Nov 30; the fear fanned further by the cancellation of Prime Minister Mian Nawaz Sharif’s speech scheduled for Monday evening.
