KARACHI: A repeat of the previous week’s same day carnage was witnessed at the stock market on Thursday where the shares fell like ninepins across the board. The KSE-100 index bled profusely by 912 points, or 2.09 per cent, to settle below the 43,000 points at 42,780 the lowest level seen in the last 63 sessions.
The index hit its intraday low by 1,003 points only 15 minutes before the end of trading. The four-day selling spree has eroded a staggering 3,058 points, or 6.7pc, from the index, showing the highest four-day losing streak since March 18, 2020 when the lockdowns were first clamped to stem the spread of Covid-19.