KSE trading fails to pick up, despite lifting of index ‘floor’

KARACHI: Karachi Stock Exchange (KSE), which after a lapse of agonizing 110 days opened up with the index ‘floor’ lifted here today, failed to pick up normal trading, as the stuck up investors, despite heavy losses, appeared reluctant in selling their shares. KSE management had clamped the KSE-100 index ‘floor’ at 9144 points for two weeks on August 27, 2008, following persistent bearish waves that had washed away the index by 40 percent, but the .... Full Story