Bears prevail in Karachi stocks amid law and order situation

The deteriorating law and order situation in the country also had negative impact on the stock markets on Wednesday as the benchmark KSE-100 index lowered by 321 points .The business activities started in negative zone as the investors remained cautious to worsening law and order situation and preferred selling, causing the share market to remain in negative zone throughout the day. The KSE-100 index closed at 9248 points, down 3.35 percent with trade volume of 204.2 million shares. Arif Habib Securities remained volume leader with 22.8 million shares and share price of Rs 51.91, up Rs 1.54.