Karachi stocks remain bearish

Bearish trend was witnessed at Karachi stock market on Thursday as the benchmark hundred index lost 47 points. Business activities started in positive zone; however, profit taking from investors caused the market to go up and down. Selling pressure was seen in the market after the announcement of OGDC financial results. The KSE-100 index closed at 8,011 points with trade volume of 174.3 million shares. DG Khan Cement remained volume leader with share price down by 93 paisa. Experts said if interest rate was not lowered by 2 percent or more in the upcoming monetary policy, it would leave a negative impact on the market.