KARACHI: Gripped by intense selling pressure throughout the day the KSE-100 index after more then six weeks today went below the level of 9,000 points, however buying from local institutions did prompt some recovery, DawnNews reported.

The KSE-100 Index today closed at 9,144, declining 103 points. Trading activity remained on the lower side as only 189 million shares were traded.

The overall security situation in the country has been severely denting the foreign and local player’s sentiments who have decided to exit the market.

Experts say that these concerns are heightened by the absence of ready board leverage, while the presence of Client level Margins are preventing local buyers from strengthening their positions.

Economic concerns which are likely to surface in the running quarter, mostly linked to inflationary pressures and interest rates will continue to disallow aggressive activity.— DawnNews