Global Stock Exchanges - STOCK EXCHANGES AROUND THE WORLD - Pakistan stocks stay into the red zone.

Author:Kazmi, S. Kamal Hayder
Position:Market overview
 
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Byline: S. Kamal Hayder Kazmi

In line with its usual performance, the stock market once again slipped into the red zone on Friday following close of the rollover week. The benchmark KSE-100 index opened downwards and despite brief spikes it maintained its march towards south. Persistent selling pressure pushed the index to an intra-day low of 31,434.14 points.

Dismal inflation data weighed on investor sentiment as market players opted to stay on the sidelines. At the end of trading, the benchmark KSE 100-share Index recorded a decrease of 172.70 points, or 0.54 percent, to settle at 31,666.41. Overall, trading volumes decreased to 46.5 million shares compared with Thursday's tally...

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