First trading day at the Karachi Stock market was marked by prevalence of bearish activity on rising political uncertainty after government coalition partner MQM decided to boycott sessions of National & Sindh Assembly. Analysts said in their comments that range bound activities dominated market proceedings with index failing to maintain 12,000 pts level during the session. The Karachi Stock Exchange (KSE) 100-share index shed 25.48 pts or 0.21 percent closing at 11, 974.55 pts compared to 12,000.03 pts in the previous session. The KSE -30 index also shed 26.26 pts closing at 11,690.41 compared to 11,716.67 pts of the previous session. KMI-30 index shed 78.18 pts and closed at 19,813.83 pts compared o 19,892.01 of the previous session. The KSE- all shares index closed with a loss of 17.97 pts closing at 8,311.52 compared to 8,329.49 pts of the previous session. The market turnover went down by 37.62 percent and traded 116.94 million shares compared to 187.49 million shares of the p...

Positive activity was witnessed at the stock market on Monday as the PPP as well as the MQM decided for joint action against target killing in Karachi. Dealers said that investors bought shares on hopes of strong corporate results and shrugged off the factional violence in the country’s commercial capital. The KSE 100 index continued its march, although slow, towards the desired five-figure level. It seems market participants are cautious, keeping options open for retrieval to minimize the possible losses in case of reversal at the bourses. Stock market analysts observed that the investors discounted the political situation after couple of violent days in Karachi where the prominent coalition partner of the government threatens to leave the coalition, and political chess board may take a shift, which may affect the investment climate, they added. The KSE 100 Index opened in green zone with a gain of 39.31 points and at the end of the day closed at 9,797 level with a gain of 20.79 point...