The market closed down 1679pts(-3.6pc) at 44914, the lowest level since Dec 8 2016. The past consecutive nine sessions have shaved 5249pts from the KSE 100. Foreign outflow, ongoing JIT investigation in the ruling family's finances, lack of positive triggers, end of month roll over pressure and upcoming market closure over Eid has turned into a perfect bearish storm.
Major scrips ended the day at lower lock.
We expect support to kick in at lower levels as earnings season commences in July.
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