KSE-100 sheds 315 points.

Byline: Zubair Yaqoob

Karachi -- Market opened +10pts and went up by 49pts during the session, the index bore heavy selling pressure with a slide of 365pts by end of session. E and P, Fertilizer, Autos, Cement and Banking sectors bled throughout the day. Financial results of HBL and SNGP were announced during the session, whereby SNGP received heavy bantering in the last half hour and HBL also saw selling pressure upon announcement of lower than anticipated results. Investor sentiment remained at low ebb anticipating poor results from listed entities. Another important indicator for market would be PIB auction, where an inverted yield curve is anticipated to lure investors back to equities in the medium term. The Index closed at 32,401pts as against 32,716pts showing a decline of 315pts (-1% DoD). Sectors...