KSE down after violence visits business hub

KARACHI: Capital market ended lower on Thursday on security concerns after three lawyers were killed the previous day.

Gunmen on motorcycles killed three lawyers in a suspected sectarian attack in Karachi on Wednesday. The three victims were Shi'ite Muslims.

The Karachi Stock Exchange (KSE) benchmark 100-share index closed down 0.55 percent, or 65.83 points, at 11,883.92 points.

Volume fell to 95.53 million shares, compared with 124.85 million shares traded on Wednesday.

"The bearish trend continued in the earnings announcement session at KSE on concerns for sectarian violence in the city," said Ahsan Mehanti, director at Arif Habib Corp. (Reuters)