Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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KSE 100 Index down 50 points at open

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KSE – 100 index in its early trading has lost more than 50 points at open as global markets were jittery amidst geo political tensions in the Middle East. Global Markets were markedly down yesterday after Donald Trump made remarks about sending missiles to Syria after the deadly chemical weapons attack.

Dow was 0.9 percent, coupled with declines in FTSE -0.1 percent, DAX -0.8 percent, and Nikkei -0.5 percent.

According to news reports yesterday, Financial Action Task Force (FATF) reiterated International Monetary Funds (IMF) stance of opposing the amnesty scheme which it says will not achieve the state objectives. This tax amnesty scheme introduced by the government also faced stiff opposition from the Federal Board of Revenue.

Commercial Banks -36.26 points, Food & Personal Care Products -23.67 points, and Cement -13.66 points at outset taking the index down.

Index is currently trading at 46450 points, reaching an intraday low of 46398 (-179 points) from yesterday’s close. Total volume traded clocked in at 17.973 million valued at 759.652 million during the 45 minutes of trading today.

Posted on: 2018-04-12T10:15:00+05:00