KSE opens negative

KARACHI: Karachi stock exchange (KSE) on the third day of the trading week opened here sagging and downbeat, which saw the benchmark KSE-100 index from the very ‘go’ swinging in the red zone. Trading in pre-open session began negative shedding 43 points. Market pundits said that the local market needed some support and any new product largely acceptable to the investors should be introduced. It may be recalled that the market yesterday on the whole played positive, as the trade volume was seen at 17-month highs and the KSE-100 index surging 170 points had closed at 7636 points.