KARACHI: The index began the week in the red as political uncertainty kept investor interest low.
At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 1.09% or 322.52 points to end at 29,383.13 on lackluster trading. .
Meanwhile, JS Global analyst Ovais Ahsan said the trend remained bearish. “Sentiment remained negative due to the hearing of a petition registered by an opposition party challenging the prime minister’s legitimacy to hold office.”
Trade volumes slightly fell to 90 million shares compared to Friday’s tally of 160 million.
Shares of 370 companies were traded on Monday.
