Stocks Observer. com

The first of the week Monday proved to be disappointed for Karachi Stock Exchnage when bourse witnessed landed in the negative column after gaining in four straight trading sessions and shed 1.66 per cent apparently due to delay in launcing the bailout package but in fact on account of profit-taking. The Karachi Stock Exchange’s benchmark KSE-100 index while on losing 102.37 points close at 6041.44 remained within the limit of physiological barrier of 6,000 points. Though the market landed in the minus column but it investors never lose their confidence and are still optimistic. The bourse opened with a negative note and its both session remained negative while at mid-session the index had lost over 230 points before rebounding to 123 points at the closing session. The market opened for the year having lost 37 per cent of its value in just two weeks. On December 15, regulators had removed a “floor” imposed in August to stop heavy losses on the KSE-100. Last week, the exchange rebounded