Stocks were severely battered on the first trading day of the week with the KSE-100 index sinking by 352.41 points or 1.22 per cent to 28,519.34.
It was a one-way journey all the way for the index as it lost 375 points intra-day to 28,496.21 but managed to close slightly above the day’s low on higher volume.
Some investors were encouraged to see that the benchmark managed to close above the 28,500 level.
However, investor sentiments were depressed on the ongoing political situation which seems to deteriorate by the day. The market is worried over the evolving volatile political situation.
