KARACHI: Bears came back to Karachi Stock Exchange (KSE) on Thursday, eroding 272 points from the benchmark KSE-100 Index which closed at 5,778.Investors seemed cautious in the wake of growing Indo-Pak tensions while foreigners off-loaded their holdings in energy stocks which put the market under pressure throughout the session.Trade volume shrank by 40 million shares to 400 million as compared to yesterday’s trade.OGDC was the volume leader which lost Rs2.73 to close at Rs52. KSE-30 Index plummeted by 308 points to finish the day at 5,510.Thursday, January 15, 2009
Heavy selling squeezes 272 points from KSE
KARACHI: Bears came back to Karachi Stock Exchange (KSE) on Thursday, eroding 272 points from the benchmark KSE-100 Index which closed at 5,778.Investors seemed cautious in the wake of growing Indo-Pak tensions while foreigners off-loaded their holdings in energy stocks which put the market under pressure throughout the session.Trade volume shrank by 40 million shares to 400 million as compared to yesterday’s trade.OGDC was the volume leader which lost Rs2.73 to close at Rs52. KSE-30 Index plummeted by 308 points to finish the day at 5,510.
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