KSE slips 122 more points to 5,136

KARACHI: Selling pressure continued to erode values of leading scrips at Karachi Stock Exchange (KSE) Wednesday, as KSE-100 Index lost 122 points to close at 5,136. The stocks market opened negative and remained volatile throughout the session. Trade volume was recorded at 90 million shares. OGDC drew maximum activity which lost Rs1.96 to close at Rs44.50. Buying by financial institutions failed to support the market as banks continued to off load shares kept with them as mortgage. Foreigners also sold their stake which also contributed in fueling selling pressure. KSE-30 Index dipped by 152 points to finish the day at 4,782.