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Opening: Bears haunt stocks as KSE loses another 200pts to down to 31555pts

KARACHI: The overnight profiting taking spree continued in the Karachi Stock Exchange as benchmark KSE-100 index plummet to 31555.36 points from the overnight closing of 31,756.29, losing another 200 points in the early trading on Thursday.

The market failed to recoup overnight losses and set the pace for the day proceedings, falling down further.

The investors appeared cautious due to the uncertainties ahead and decided to play safe and take their cash off the table.

The investor concerns were exacerbated by the developments on the political front with major political parties feared to be treading on a collision course.