KSE-100 drops 26 points.

Karachi -- The stock market on Friday lost ground as there were more sellers than buyers and positive momentum petered out under the weight of uncertainties. Uncertainty in international oil markets, in the wake of demand issues, took a toll on Pakistan's bourse and triggered sell-off in index-heavy sectors. Following a brief open in the positive, the bourse turned bearish and investors resorted to divesting their holdings. The KSE-100 index staged a modest recovery during the second session with market participants acting to erase the losses. Nevertheless, the index succumbed to selling pressure and failed to continue the positive momentum. The index...