Stocks came under selling pressure yesterday with the KSE-100 index retracing its steps back from the 32,000 level, representing a fall of 250.11 points to close at 31,756.29.
The market started off on a positive note with the bulls retaining control to take the index further up to intra-day gain of 471 points.
Yet the investors concerned over uncertainties ahead decided to play safe and take their cash off the table.
The market waited with bated breath for the outcome of meetings thought to be taking place all through the day among the State Bank of Pakistan, the Securities and Exchange Commission of Pakistan and the prominent brokerage house, the
Stocks came under selling pressure yesterday with the KSE-100 index retracing its steps back from the 32,000 level, representing a fall of 250.11 points to close at 31,756.29.
The market started off on a positive note with the bulls retaining control to take the index further up to intra-day gain of 471 points.
Yet the investors concerned over uncertainties ahead decided to play safe and take their cash off the table.
The market waited with bated breath for the outcome of meetings thought to be taking place all through the day among the State Bank of Pakistan, the Securities and Exchange Commission of Pakistan and the prominent brokerage house, the KASB Securities which was restrained from trading by the Regulator from Tuesday till further orders.
The investor concerns were exacerbated by the developments on the political front with major political parties feared to be treading on a collision course.
Securities which was restrained from trading by the Regulator from Tuesday till further orders.
The investor concerns were exacerbated by the developments on the political front with major political parties feared to be treading on a collision course.
