Stocks Observer. com

KARACHI: Investors opted to offload their holdings at the Karachi stock market on Wednesday as the current impairment issue on equity market investment, which is awaiting the final decision of SECP, has propelled investors to adopt a cautious approach. The Karachi Stock Exchange (KSE) 100-share declined by 26.24 points to close at 5,429.43 points as compared to 5,455.67 points traded in the previous session. The KSE 30 index also lost 51.34 points and closed at 5,433.55 points as compared with 5,484.89 points of the previous session. The KMI 30 index shed 7.06 points and closed at 7,100.92 points as against 7,107.98 points of the previous session. The market turnover went up by 26.78 percent and traded 164.27 million shares as compared to 129.57 million shares traded in the previous session. The overall market capitalisation went down by 0.46 percent and closed at Rs 1.713 trillion as compared to Rs 1.721 trillion traded in the previous session. Out of 255 companies, 116 closed in the