Turnover at Karachi Stock Exchange higher, mood of investors remains cautious
2008-09-04 03:21:19 (GMT) (Caymanmama.com - Pakistan News News)Karachi, Pakistan (CaymanMama.com) — Though the market of stocks in Karachi wrapped up its trading session at a positive note, the mood of investors remained somber. The Index increased by 10 points with the KSE- 100 index hovering at 9,239 points today.
The volume of traded shares increased by 3.8 million bringing the total number of traded shares at 12.6 million shares, which is positive and higher than yesterday. PTCL was the volume leader but its share price remained stagnant at Rs.31.50
While the positive mood prevailed at the trading counters the investors and traders remained cautious. One of the reasons might be the holy month of Ramzan but the most significant factor for the cautious mood of the investors remained to be the political uncertainty and the forth coming presidential elections.
Both the leading parties have drawn their guns and the political atmosphere is tense, with NAB seeking to reopen cases filed against Main Nawaz Sharif and his family and friends, the newspapers of the US are campaigning against Asif Ali Zardari candidature and news of attack on the Pakistani PM is taken its toll on the confidence of the investors, who now prefer to wait and watch.
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CaymanMama.com - Press Release Distribution Service
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