Stocks Observer. com

The bear-run entered third day on Thursday, with the KSE 100-share index falling under the psychological level of 12,500 points, owing to profit-booking by the investors in the scrips of the blue chip companies across the board. Limited foreign interest, concerns over rising fiscal deficit affected the investor sentiment despite value buying of selected scrips on expectation of strong earnings announcements The Karachi Stock Exchange's benchmark 100-share index closed at 12,411.81 points after losing 165.74 points. The index had ended at 12,577.61 on Wednesday. According to daily market statistics, volumes shrunk to 183.61 million shares from 188 million shares traded previously. KSE market capitalization amounted to Rs3, 358.14 billion or $39.18 billion. Total ready market value was recorded at Rs7.57 billion or $88.34 million. The market data showed that KSE 30-index closed at 12,115.84 with massive decline of 210 points or 1.70 per cent. KSE future volume came at 11.67 million w...