KSE-100 index sheds 344 points

KARACHI: The stock market remained in red zone on Friday owing to selling pressure and lost another 344 points on the last trading day of the week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was ended by 344 points to 38950 points from previous day’s closing of 39294 points.

The analysts said that the recently approved finance bill by the parliament failed to uplift the sentiments of investors.

The stock market was witnessing a continuous decline over the past few days owing to economic conditions of the country and discouraging profitability of corporate sector.

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