Bears were on rampage at the stock market yesterday with the KSE-100 index sinking by 293.44 points or 1pc to settle at 29,382.97.
Nervous investors, worried over the storm clouds gathering on the political horizon, started to sell-off just as the market opened. Individuals took profit by selling stocks worth $1.45 million, though institutional investors decided to wait and watch. Volume thus slipped by 27pc to 97m shares.
Analysts said that the slump in global markets exacerbated the pressure on local bourse.
