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June 27, 2006 Tuesday Jumadi-ul-Awwal 30, 1427



KSE index gets massive battering


KARACHI: The KSE 100-share index on Monday suffered another big fall as leading investors indulged in panic-selling on the perception that the Supreme Court ruling on Pakistan Steel may slowdown the process of privatisation and affect the valuation of the upcoming transactions of the state-owned entities. The index lost 405 points or 4.11pc, wiping out Rs107bn from the market capital but analysts said consolidation forces were around and may not allow further price erosions after extending support at the dips.






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