Monday, May 17, 2010

KSE-100 Index plummets by 238 points

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GEO 436 KARACHI: Reacting to the Supreme Court's move to begin fresh hearing of NRO cases and uncertain political scenario, investors opted for trimming their holdings at the local equities market, plunging the benchmark KSE-100 Index by 238 point to 10,033. The Index plummeted to the current level which is lowest since March 22. The market turnover war recorded at 70 million shares with Lottee Pakistan leading the list of actives at Rs10.25, down by paisas 43. On the other hand, KSE-30 Index slid 241 points to finish the first trading day of the share market at 10,100. Market analysts are of the view that the Index may slipped below 10,000 level during the current week.

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