LAHORE: The KSE-100 index nosedived 1236.69 points in intra-day trading on Monday, plunging by over 3.30% to 36281.24 points.
According to an analyst, the KSE-100 index has lost 25% of its value during 2018 and this selling is due to margin calls, closing of leverage positions and redemptions in mutual funds.
The KSE-100 index recorded the steepest decline across Asia and has fallen by such a level or more only ten times during 2018.
It touched an intra-day high of 37,575.89 points before declining over a thousand points to 36,281.24 points at the time of filing this report.
The biggest gainers in intra-day training till the filing of this report were Bata Pakistan, Wyeth Pakistan, Pakistan Oilfields and GOC (Pak) Ltd.
The biggest losers were Mari Petroleum, Indus Motor Company, Sanofi-Aventis Pakistan and ICI Pakistan.
The highest trading was witnessed in stocks of technology and communication, commercial banks, cement and chemical sectors.
The KSE-100 index fell by 9% in last two weeks, the worst performance in three-and-a-half years, where the market reached its 27-month-low, wiping the index by another 4% and lost Rs361 billion in the shape of market capitalization.
