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KSE amid bourses across the country in grip of bears:

 

KARACHI: Bourses all across the country including Karachi Stock Exchange (KSE) even on the second day of the business failed to come out of the grip of the bears and remained downbeat all through the business session today, while the Islamabad Stock Exchange (ISE) today also recording 5 percent lower locks sent the trading suspended.

KSE trading activities today started lackluster, while this pessimistic trend remained overcast in the market till the winding up of the business session, but meanwhile, the damages proved colossal, as the KSE-100 index in the process came reeling down by 372 points and wrapped up at 8445 points. Turnover today aggregated to 25.6 million shares. Volume leader Zeal Pak shares increased by paisa 10 closed at paisa 49.

The situations at Lahore and Islamabad bourses were no different, as it kept struggling all the day under bearish thrust, with no external redress in foresight. LSE index shed by 13 points closed at 2606, while ISE index recording 5 percent lower locks witnessed suspension of trading activities. Analysts attributed melting down of indexes to the markets deprived of any support from the Support Funds.



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