Market going fast back to 10,000 level

By SALMAN ABDUHOO June 21, 2008

LAHORE - Bears continued to grip the equity market on the last trading session of the week and the KSE 100-index suffered another loss of 216 points to end the day at 11,655 points.

Dealers said that political uncertainty, fear of further hike in discount rates, doubt over the increase in CVT and foreign selling were the major reasons, which dampened market sentiments.