Karachi Stock Exchange on Downslide, Loses 119 Points

Friday, April 17, 2009 at 11:05 am

Karachi Stock Exchange on Downslide, Loses 119 Points KARACHI: Karachi Stock Exchange (KSE) trading opened this morning downbeat, which in a state of confusion further aggravated, as the profit-takers went on selling spree and the KSE-100 index recorded a loss of over 100 points hardly an hour after the business today.

Market pundits said that the investors appeared to be focused on the outcome of the underway Friends of Pakistan Conference and donors conference in Tokyo before taking any new venture in the market.

Meanwhile, KSE-100 index shedding 199 points pegged at 7551 points until the filing of this report.