Country’s stock markets melt for the third day in a row

KARACHI: Karachi Stock Exchange (KSE) amid the bourses all across the country today remained passive and tame for the third consecutive day, which saw the index during the brief three days losing 11 percent.KSE opened today on a negative note, which remained pervasive until the end of business session, which culminated into the KSE-100 index melting down by 260 points to 8184 at close. KSE during the last three days has evaporated enormous 1000 points, while the KSE system glitch alarmingly showed index eroding 4001 points to peg at 4444. The volume of trade today aggregated to 57.8 million shares. Volume leader TRG Pakistan shares price down by Rs0.54 closed at Rs1.28.Lahore Stock Exchange (LSE)-index after a minor loss of 6 points wrapped up at 2468, while the Islamabad stock market at the very onset recorded 5 percent lower locks sending the trade into an early suspension. Analysts said that the pessimistic trend in the market would continue until the issue of existing Rs11 billion worth of shares in CFS financing was resolved.