KSE remains bearish over selling spree

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KSE remains bearish over selling spree

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Karachi Stock Exchange witnessed bearish trend on Tuesday as 100-index closed below 11,800 points.

12 April,2011 07:17 pm

Stock markets worldwide recorded selling spree after International Monetary Fund’s report on the world economy. Local and foreign investors showed little interest at the KSE. Cement, oil and banking sectors remained sluggish.At the end of the day, KSE 100-index closed at 11,795 with a decrease of 73 points. Business volume remained 53 million shares.