Bears grow strong at KSE; Index sheds 83 points

KARACHI: Bears grew further strong at Karachi Stock Exchange (KSE) on Thursday, eroding 83 points from the benchmark KSE-100 Index which finished the day at 9,169. The share market began today’s trade in the green territory but later off loading in energy and banking stocks pulled the Index back from moving up which closed at the current level at the end of the session. The trade volume stood improved to 220 million shares today. Pak PTA clinched the spot of top volume leader, advancing by paisas 50 to close at Rs7.80. Meanwhile, KSE-30 Index eased 71 points to peg at 9,683. The market analysts foresee more correction in the coming sessions.