Market watch: KSE-100 ends marginally down amid sell-off
Benchmark index falls 27.84 points to settle at 46,905.79
Shares of 430 companies were traded. At the end of the day, 161 stocks closed higher. PHOTO: FILE
KARACHI:
Bears staged a comeback in the final session of a short trading week as the benchmark KSE-100 index shed 28 points amid profit-booking by investors.
Investors remained cautious ahead of a long weekend and took a less risky stance by offloading their stockholdings.
Owing to selling pressure, index-heavy automobile, cement, financial and oil marketing sectors faced a steep decline and most of the stocks in those sectors closed with losses.