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Reading: Index sheds 72 points on political uncertainty
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PhotoNews Pakistan > Business > Index sheds 72 points on political uncertainty
Business

Index sheds 72 points on political uncertainty

Web Desk
By Web Desk Published November 29, 2014 1 Min Read
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KARACHI: Stocks fell by 72.12 points to close at 31,197.98 on Friday. Investors’ sentiments were held hostage to worries over the outcome of PTI protest on Sunday.

It was exacerbated by the plunge in commodity prices in the international market, which pulled down the stocks in heavyweight oil & gas sector.

On Friday, OGDCL lost Rs11.08; PPL Rs20.87 and PSO Rs11.24, all of which made major contribution to the index fall.

FIPI outflow amounted to $0.85 million on Friday.

Over the week, the market witnessed net outflow at $3.6m, against inflow of $4.8m the previous week.

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