Stocks Observer. com

KARACHI: The Karachi stock market witnessed a bearish trading week due to political unrest in the country as the Sri Lankan cricket team was attacked in Lahore followed by elevating concerns from the IMF regarding Pakistan’s ability to achieve set targets, analysts said on Saturday. Analysts said unabated cycle of selling pressure at the market continued taking its toll during the outgoing week as investors remained concerned over political instability in the country along with hectic political activities expected in March in the wake of the scheduled long march on the 16th. The Karachi Stock Exchange (KSE) 100-share index shed 20.64 points or 0.36 percent to close at 5,748.10 points as compared to 5,727.46 points of the previous week. The average turnover in the ready market was recorded at 104 million shares, manifesting a decline of 16 percent as compared with previous week’s 123 million shares. Analysts said the KSE 100-share index exhibited high volatility in intraday trading duri