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Stocks snap 12-day winning streak
KARACHI: The KSE-100 index snapped a 12-day rally on Tuesday, as the index shed 262.02 points (0.84 per cent) to settle at 32,444.20.
Investors decided to book profit after the index continued an uninterrupted gaining streak of 1,963 points.
The market remained volatile due to downward trend in the regional markets as a result of uncertainty over the fate of global oil prices.
Traded volume decreased by 2pc to 148 million shares and the value declined by 11pc to Rs7.8 billion from a day ago.
PIA (up 1.1pc) was the volume leader with 15m shares traded, as investors anticipated that the government would go ahead with the privatisation process despite resistance.