Stocks Observer. com

KARACHI: The Karachi stock market continued to face selling pressure on Thursday as investors went for profit-taking in fertiliser and gas and exploration stocks. The Karachi Stock Exchange (KSE) 100-share index decreased by 30.07 points or 0.55 percent to close at 5,399.36 points as compared with 5,429.43 points traded in the previous session. The KSE 30 index also lost 34.92 points and closed at 5,398.63 points as compared to 5,433.55 points of the previous session. The KMI 30 index gained 62.70 points to close at 7,163.62 points as against 7,100.92 points of the previous session. The market turnover went down by 45.33 percent and traded 89.79 million shares as compared to 164.27 million shares traded in the previous session. The overall market capitalisation fell 0.75 percent and closed at Rs 1.700 trillion as against Rs 1.713 trillion traded in the previous session. Out of 262 companies, 92 closed in positive zone, 155 in negative while 15 remained unchanged. Analysts said confusio