BISINISS WORLD NEWS

KARACHI: Selling pressure continued at the local share market for the third consecutive day as the benchmark KSE-100 Index lost 19 more points to close at 9,667.

Today’s trade began in the red zone and at one stage the Index was also seen below the level of 9,600 points as foreign and local investors opted for off-loading their holdings. However, buying at lower levels by the financial institutions helped the share prices recover, leaving the Index only 19 points down.

Trade volume stood at 130 million shares today.

Silk Bank’s right shares were on top in terms of exchanging hands at paisas 67 with a gain of paisas 66.

Market analysts expect recovery at the level of 9,600 points in the coming sessions.