KSE-100 loses 187 points

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Karachi—KSE-100 Index lost yet another 187 points to close in red at 31,282 levels at the close of Thursday session. According to market analysts, the index could now approach towards its trend line support, which is currently at 30,600-30,800 areas and has been holding for quite a long time.
However, the situation can also take a U turn as the International Oil prices soared nearly 8% on Wednesday after API data showed a surprising drop in inventories by 3.3mnbbl.

Amanullah Khan