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Tuesday, March 22, 2011

Impact of foreign selling worth $16.4m last week


The Karachi stock market started the week Monday on a bearish note as investors offloaded
their holdings following foreign investors withdrawal of $16.4 million from the market last week.
Analysts said volumes remained very thin during the session on deteriorating law and order situation in the
city.
The Karachi Stock Exchange (KSE) 100-share index shed a massive 231.47 points or 1.99 percent to
11,375.14 points as compared to previous week's close of 11,606.61 points. The KSE 30-share index also
lost 217.49 points to close at 11,085.52 points as compared with 11,303.01 points.