Lack luster activity continued at karachi stock exchange. 16% stocks went up, 11% down while 72% stocks remained without changed. Leverage investors preferred to sell as CFS financing rate put more gains currently at 36.19% while total investment through CFS is down to 15.09 billion ruppes. Along leverage traders foreigners joined to Sold 44% and bought only 3% out of total activity. MCB remained the volume leader with 2.7 million shares. Suggesting foreigners took exit in this particular script.
Technically as you can see market is in congestion zone. Bears need to find an exit as they are freezed. Recomendation = Remain Side line.
International market are having volatile sessions mainly due to speculation over Bail out package. After the hearing things would settle a bit.
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