| GEO Business|
| Bearish spell at KSE; Index slashes 137 points|
| Updated at: 1907 PST, Wednesday, February 24, 2010|
KARACHI: The local share market remained under selling pressure on Wednesday as the benchmark KSE-100 Index declined by 137 points to finish the day at 9,686.
The major Index kept see-sawing throughout the session and finally overcome by bears due to selling by local and foreign investors which plunged the market below 9700 level at the closing bell. Even the sound financial results of OGDC failed to turn the red numbers green.
The market turnover was registered at 138.9 million shares with Jehangir Siddiqui Company topping the list of volume leaders at Rs24.57 with a gain of paisas 28.
On the other hand, KSE-30 Index took a downward slide of 169 points to peg at 10,070.
Market analysts expect the stock market to recover in the upcoming sessions.