KARACHI: The Karachi Stock Exchange Friday continued to remain in bearish note as KSE-100 index shed 192.79 points to drop to 33885.13 points till midday.
On Thursday, the stocks remained under pressure as the KSE-100 index opened in the red and after a volatile trade it closed at 34,077.92, a loss of 254.02 points (0.74 per cent).
Investors were nervous due to the continuous selling by foreigners in the last couple of sessions. Volume rose by 40pc to 549 million shares, one of the highest in recent days. Trading value also increased by 7.6pc to Rs13 billion.
Market participants said that local institutions were rebalancing their portfolio ahead of the year-end. Some were booking profit for window dressing their profit and loss accounts.
