| GEO Business|
| Bears return to KSE; Index slide by 172 points|
| Updated at: 1920 PST, Thursday, May 27, 2010|
KARACHI: Following a day of recovery, Karachi Stock Exchange (KSE) once again fell into the grips of bears on Thursday, causing the benchmark KSE-100 Index to slash 172 points to close at 9,439.
Today the equities market carried forward the upbeat mode of the previous day but later selling by big brokerage houses switched the market into the red territory. At one stage the major Index was seen floating at minus 411 points. However, buying at lower levels helped the Index trim most of the losses and close at the current level.
The market turnover stood at 138 million shares with National Bank of Pakistan leading the list of actives at Rs62.32, down by paisas 91.
On the other hand, KSE-30 Index plunged by 225 points to finish the day at 9,393.