Stocks Observer. com

KARACHI: The Karachi stock market faced selling pressure as a majority of investors’ hopes crashed after the State Bank of Pakistan kept the interest rate unchanged in the Monetary Policy announced on Saturday, analysts said on Monday. The Karachi Stock Exchange (KSE) 100-share index declined by 43.47 points to close at 5,333.95 points as compared to 5,377.42 points traded in the previous session. The KSE 30 index also fell 3.10 points and closed at 5,198.91 points as against 5,195.81 points of the previous session. The KMI 30 index shed 95.62 points to close at 7,087.30 points as compared with 7,182.92 points of the previous session. The market turnover decreased by 6.88 percent to 177.66 million shares as compared to 190.79 million shares traded in the previous session. The overall market capitalisation also declined by 0.64 percent to close at Rs 1.689 trillion as compared with Rs 1.700 trillion traded in the previous session. Out of 264 companies, 107 closed in positive zone, 146 i...