Equities at Karachi Stock Exchange (KSE) followed international bearish trends in a volatile trading session on Thursday as it snapped a three-day bullish streak with major chunk of profit-taking was witnessed in the big players. The benchmark KSE 100-Index fell by 0.54 percent or 116.25 points to close at 21,342.65 levels on Thursday as against 21,458. 90 levels recorded on Wednesday as top scrips like Oil and Gas Development Company Limited remained on the selling counters after recent consistent bullish charge. The KSE All Share Index declined by 0.96 percent or 144.92 points to end at 14,969.68 levels on Thursday as against 15,114.60 levels reported on Wednesday, the KSE 30-Index dropped 0.59 percent or 98.36 points to conclude at 16,588.64 levels on Thursday as against 16,687 levels posted in the previous trading session, whereas the KMI 30-Index skidded by 0.55 percent or 203. 22 points to finish trading activities at 36,754.12 levels on Thursday when compared with 36,957.34 levels witnessed the other day. The Karachi Stock Exchange began trading activities on a bullish note on Thursday morning which propelled the main index above 21,600 levels and soon the main index hit the intraday highest level of 21,621.85. However, the global selloff put Pakistani stock market under pressure as well and the main index nosedived into the lowest level of the day of 21,300.88 from the intraday top in no time before another bullish rally took it back close to the intraday highs. The main index again came across profit-taking above the 21,600 levels and it gradually dropped value during the rest of the session and finished the day quite close to its intraday lowest level. The market volumes shrank by 99.447 million shares to 472.973 million shares on Thursday as against trading of 572.420 million shares recorded on Wednesday as local investors acted in a cautious manner following bearish trends in the global equity markets.
