
KARACHI: Karachi Stock Exchange (KSE), uninspired by the successful completion of the presidential election process appeared insisting ‘do more’ from the rulers for the restoration of tattered confidence of the investors, who at the advent of the trading week today played downbeat and passive, which saw the index sliding below the 9300 marks.
The market opening positive, on one occasion, peaked to its intra-day high at 9461, but the banking and energy stocks’ selling for hurriedly skimming off the profits poured cold water on the initial optimistic sentiments in the market.
KSE-100 index at the end of business session today wrapped up at 9296 points, down by 46. Volume leader NIB Bank shares today eroding Rs0.45 closed at Rs8.74. Analysts believed that some recovery in the market could be seen in coming days.