KSE-100 gains 0.96% as correction kicks in - News Summed Up

KSE-100 gains 0.96% as correction kicks in


The index gained 410 points or 0.96% in the outgoing week. However, Tuesday brought a turn of events, as the KSE-100 Index dipped on account of profit-taking, and an overdue correction – thus ending the 13-day winning streak. Volume and share prices soared on Wednesday as stocks bounced back with renewed vigour taking the index up 816 points. Attractive valuations and positive sentiments kept the market within a range of 42,000 to 43,000 points throughout the week. Foreign investors purchased stocks worth $26 million during the week compared to net buying of $23 million last week.


Source: The Express Tribune January 14, 2018 05:15 UTC


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