November 25, 2021 (MLN): After losing 2,125.71 points or 4.57% during the first three days of the week, the market continues to bleed on Thursday as the benchmark KSE-100 index has lost so far 403 points or 0.91% [11:28 PST] and is currently trading at 43,960.57 due to the concerns of foreign selling spree.
During the last two days, foreign investors offloaded $26.14 million due to the upcoming MSCI re-balancing day, Arif Habib Limited (AHL) said. The major selling was done by foreign corporates amounting to a net $27.45mn.
Commercial banks and cement have witnessed higher selling activity as they have lost 135.7 and 83.42 points, respectively.
Company-wise, the scrips of HBL, LUCK, ENGRO and UBL have endured the maximum losses.
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