Business

KSE goes down, as bears take control

Express May 27, 2010

KARACHI: The Karachi Stock Exchange saw a decline as the week's trade nears an end, on Thursday.

About 180 million shares were traded in the market and the All-Share Index came down by 117 points.

KSE-30 and KMI-30 indices shed over 200 points each as the bears took control of the market.

The KSE-100 Index also lost 170 points and closed at 9,440.

Top 3 companies today were National Bank (which has lost Rs 3 in value), followed by Lotte Pakistan and Silk Bank in second and third places.

COMMENTS (1)

Meekal Ahmed | 14 years ago | Reply The market will remain volatile as long as the Greek issue (and the problems in the Euro area generally) is not calmed. No one knows for sure whether the multi-billion dollar rescue package for Greece will hold or not. Maybe Greece should call in its creditors and restructure its debts rather than pretend they can pay them. Why shouldn't the banks take a hair-cut for imprudent lending?

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