Market disappoints as total turnover drops to 24m shares

KARACHI - Karachi Stock Exchange (KSE) on Friday showed a disappointing and lackluster performance as the total turnover dropped to 24 million shares due to recently artificial measures taken by the desperate management of KSE and political confrontation coupled with economic woes.

The Friday’s trend at KSE reflected that investors were still away from the stock market mainly because of recently changing in the regulatory laws by the management of the KSE, which is believed to be artificial measures, designed to save the battered investors from the further losses but failed to restore the confidence of investors.

The market opened on positive note, but the confidence shattered investors remained on sideline throughout the trading day.