No business in KSE initial two hours of trading today

KARACHI: Karachi Stock Exchange (KSE) in its initial two hours of trading session witnessed no business on Tuesday, as investors preferred to stay out of the trading arena.KSE income has plunged down to an alarmingly low level, as the volume trading persistently kept plummeting, while on Tuesday in the initial two hours of the trading session, it saw no business activity at all, as the investors preferred waiting on the sidelines. KSE members told that the bourse used to earn a daily income of Rs.7.5 million from the Exchange log, which has dropped down to less than Rs. 40000 per day due to tumbling volume of trade. KSE Managing Director, Adnan Afridi told Geo News that the officers of the Exchange were voluntarily relinquishing their privileges in the wake of the dwindling income.