Rumours emanating from political and economic fronts kept the market movement highly volatile with trade activity remaining very low because of investors' cautious approach, during the past week.
The start of the week was not much good as uncertainty about 'widening'differences between the PPP and MQM and unfortunate incident occurring in Sindh Assembly, where former Chief Minister Arbab Ghulam Rahim was maltreated, gripped the trading houses.
Except the last day of the week under review when the market rebounded, the index remained in red zone amid range-bound activity, stock analysts said. Initial days' losses were mainly caused by political and economic concerns, especially those pertaining to alleged wrong doings of the previous regime, a broker said.
The rumours that the government could reinvestigate the March 2005 stock market crisis also sent shock waves in the market. The LSE-25 Index during the week under review lost 26.05 points to 4,787.85 compared with last closing at 4,813.90 points. Volume stood at 19.306 million shares as against previous 38.249 million, registering a fall of 19 million shares.
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