100-Index dips 181 points amid heightening political noise


Amanullah Khan

Karachi—KSE-100 Index on the back of mounting political noise in the country dipped by 18t1 points amid steep decline in market volume of all shares at 378 million shares traded in the first trading session of the week on Monday. The Bank of Punjab which is in the limelight these days retained its position as the volume leader of the day with a trade volume of 49 million shares to their credit.
The other two volume leaders were including TPL Tracker and TRG Pakistan with trade volumes of 20 million and 17 million shares respectively. It may be noted that auto sector stocks attracted investors while the banking stocks also remain among the attraction for the investors. The oil and gas sector also gaining momentum on the expectations for increasing prices which already touched the level of $50 per barrel mark on the back of reports that OPEC member countries might go for freeze of production in their next meeting.