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Tuesday, November 11, 2008

KSE-index remains unchanged, turnover at lowest ebb


KARACHI: Karachi Stock Exchange (KSE) today witnessed yet another dull and dreary day, as the investors with their shattered confidence preferred to abstain taking any risk and remained lackluster, which saw the volume of trade sliding down to a record low-level, while the KSE-100 index closed unchanged.Trading today althrough the session moved at snail’s pace, as the alarmingly deteriorating economic situation in the country and the apathetic attitude of the rulers kept the investors bewildered about the future state of business, who with their fingers crossed waited impatiently for some good news, when the market closed with no such thing in sight. The economic mangers dragging their feet on IMF package finalization and failing to take some positive measures halting the meltdown of the rupee value has further worsened the situation and drove the investors on the sidelines as mute onlookers.

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