Tag Archives: Stocks lose 320 points as rupee slides

KARACHI: After only a day of gains, which technical analysts referred to as a ‘dead cat bounce’, the stock market returned to the negative trajectory with the KSE-100 index hammered down by 320.53 points (0.93 per cent) to close at 33,971.12. Although the market opened in the green to extend yesterday’s gains, the optimism proved short-lived as the index began …

KARACHI: After only a day of gains, which technical analysts referred to as a ‘dead cat bounce’, the stock market returned to the negative trajectory with the KSE-100 index hammered down by 320.53 points (0.93 per cent) to close at 33,971.12. Although the market opened in the green to extend yesterday’s gains, the optimism proved short-lived as the index began …