The Karachi stock market continued to remain under the bearish spell for the third consecutive trading day Wednesday as the 100 index shed 338.96 points amid persistence of selling activities as investors awaited high court’s ruling on CFS outstanding positions, said analysts. They said other reasons include investors concern over falling rupee value and possible equity fund to bail out the market from its current crises. The Karachi Stock Exchange (KSE) 100-share shed a massive 338.96 points to close at 8,105.63 points as compared with 8,444.59 points of the previous session. The KSE 30 index lost 454.87 points and closed at 8,503.00 points as compared to 8,957.87 points of the previous session. KMI 30 index also declined by 480.84 points to close at 9,687.46 points as against 10,168.30 points of the previous session. The market turnover went up by 127.91 percent and traded 57.82 million shares as compared with previous session’s 25.36 million shares. The overall market capitalisation...
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