Bearish KSE sinks by 259 points

Posted: August 22, 2008 in Financial
Tags: , ,

Bearish KSE sinks by 259 points Updated at: 1049 PST,  Friday, August 22, 2008
Bearish KSE sinks by 259 points KARACHI: Karachi Stock Exchange (KSE) for the second day remained downbeat and severely depressed, as the KSE-100 index was seen scaled down by 259 points during the lackluster trading.

The trading today opening in a highly negative environment gradually went demolishing the index down below the 10,000 psychological barriers and until the filing of this report, the market was seen trading at 9977 points.

Analysts said that the cold war between the PPP and PML-N, which was continuing for some time, has further aggravated, as the PML-N now trying to spread out their tug of war beyond Punjab, where it rules, which yesterday saw some shootouts in certain localities of the city and disturbing peace in province, while for jolly good business a peaceful atmosphere was required.

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