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KSE-100: Directionless trade weighs on stocks; index dips 116 points Market capital decreases by Rs 21bn July 13, 2021 Directionlessness played on the market sentiments on Monday, as the KSE-100 index kicked off the first trading session of the week on a bearish note, with contracting market volumes. The index clocked at 47,447 level after posting 116 points loss, as it traded in a range of 306.76 points or 0.64 percent of previous close, showing an intraday high of 47,715.28 and a low of 47,408.52. The market witnessed choppy behavior, owing to a surge in Covid positivity ratio as it crossed 3.9% which risks a fresh round of lockdown being imposed by the government. Moreover,rising uncertainty in the Afghanistan region where the Taliban claim to control 85% of the territory which also took a toll on investors’ sentiment.

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