Stocks Observer. com

The Karachi stock market continued to remain in the lethargic zone amid continuation of depressed activities as investors remained concerned over the fate of the market’s bailout funds after IMF and Adviser to PM on Finance Shaukat Tareen hinted that the government’s funds would not be used to bailout the market, analysts said. The Karachi Stock Exchange (KSE) 100-share index remained unchanged at 9,187.10 points. The KSE 30 index and KMI 30 index also remained at 9,981.93 points and 11,224.18 points respectively. The market turnover gained 6.81 percent and traded 0.47 million shares as compared to 0.44 million shares traded in the previous session. The overall market capitalisation declined 0.21 to Rs 2.820 trillion as compared to Rs 2.826 trillion traded in the previous session. Out of seven companies, three closed in the negative while four remained unchanged. Like previous sessions, futures market continued to remain static as no activity was witnessed during the session. Analysts ...