Stocks Observer. com

The Karachi stock market continued to remain under the bearish spell as the 100 index lost another 172.66 points on Friday due to prevailing fear among investors over liquidity crunch, broker defaults and year-end cash requirements, which affected their sentiments negatively.The Karachi Stock Exchange (KSE) 100-share lost 172.66 points to close at 6,487.52 points as compared to 6,660.18 points traded in the previous session. The KSE 30 index shed 279.63 points and closed at 6,284.72 points as compared with 6,564.35 points of the previous session. KMI 30 index also declined by 186.74 points to close at 7,502.69 points as against 7,689.69 points of the previous session. The market turnover gained 79.86 percent and traded 106.23 million shares as compared to previous session’s 59.06 million shares. The overall market capitalisation declined by 2.35 percent and closed at Rs 2.032 trillion as compared to Rs 2.081 trillion traded in the previous session. Out of 202 companies, 102 closed in p