Massive Selling Pressure Pushes KSE Down

The spillover effect of massive selling pressure across the International market has also been observed at the local share market on the last trading session of the week; thus, the index plunged by 282 points.

The KSE-100 index closed at 10,265 with a sharp decline of 282 points.
Lackluster trading activity was witnessed and a total of 185 million shares were traded in the market.

Experts are of the view that due to hefty selling orders from the foreign funds, local share market fell by more than 300 points, thus breaching the level of 10,300.

Furthermore, the local share market’s fall is also linked with the recent selling pressure that is being witnessed in the Asian stock market along with the loss of more than 1.1 trillion dollars in the United States’ market in the last eight days.