Karachi: Renewed political concerns owing to tension between MQM and Sindh home minister kept the Karachi stock market under selling pressure on Tuesday. The Karachi Stock Exchange (KSE) 100-share index shed 34.54 pts or 0.29 percent to close at 11, 940.01 pts. The KSE -30 index fell 49.22 pts to end at 11,641.19.
The market turnover went down by 53.64 percent to 54.21Â million shares from 116.94 million shares in the previous session.
Bearish activity witnessed as invetors awaited outcome of the meeting between MQM and President, said Ahsan Mehanti, Director Arif Habib Investment Ltd.
The index went down despite renewed foreign interest in blue chip scrips, higher global commodity prices and US brent crude over $116.
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