KSE-100 drops 550 points in a three year low

KARACHI: The benchmark index of the Pakistan Stock Exchange closed deep red on Wednesday, concluding the day 550.65 points or 1.51% lower at 36,579.32 points since May 18, 2016, when it concluded the session at 36,318.21 points.

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The harsh tendency took over the market with a volume of 73.3 million shares and a value of 3.6 billion dealt throughout the session.

The benchmark index hit a daily low at 36,464.85 points before inching slightly upwards to 36,579.32 points near the close of the day.

Before crawling vaguely upwards to 36,579.32 points near the end of the day, the benchmark index hit a daily low at 36,464.85 points.

More than 2,000 points have been dropped since the beginning of April which, according to an approximation, resulted in a loss of nearly Rs600 billion for investors.

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