KARACHI, May 21: The stock market on Tuesday remained in the grip of war fear as the KSE 100-index breaches through the psychological barrier of 1,600 points at 1,598.16, off 49.03 points in an expanded volume of 172 million shares.
The overnight corrective steps taken by the KSE officials to strengthen the market did work limiting the losses, although some of leading shares again broke circuit breakers under the lead of PSO. The Bombay Stock Exchange also closed 2.9 per cent lower on panic selling. The 30-share BSE sensitive index shed 96.28 points.
