KSE 100 Index continues decline trend

Amanullah Khan

Karachi

KSE 100 Index which has been on the declining track for the past several days, again dipped by 77 points on Tuesday to close in red at 42666 point levels.
The political uncertainty prevailing in the country for quite some time has polluted the investment confidence of the market players reflected in the tapering off market volume of 145 million all shares.
According to market analysts, the current formation on daily charts indicates that the index could further suffer decline to 42,200 levels.
In Tuesday sluggish session K Electric was the volume leader of the day with a trade of 33 million shares to its credit. The other two volume leaders were including Dolman City and Maple Leaf Cement with trade volumes of 8 million shares and 6 million shares to their credit respectively.

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