Global slowdown scares 83pts out of KSE
KARACHI: Karachi Stock Exchange fell on Friday as cautious investors sold stocks ahead of the weekend on fears of a global economic slowdown, dealers said. Global stocks as measured by the MSCI...
September 23, 2011
Global stocks as measured by the MSCI All-Country index are now in bear market territory -- defined as a fall of 20 percent or more from their peak -- having tumbled 23 percent from their 2011 high in May.
"A continuous fall in the global equity and commodity markets also kept the local bourse under selling pressure," said a dealer.
The KSE benchmark 100-share index fell 0.71 percent or 83.37 points to end at 11,606.86.
Volume was 79.3 million shares, compared with 82.73 million shares traded on Thursday. (Reuters)
