Stock market sheds another 95 points
Ended the Karachi Stock Exchange 100 shares index rose 0.80 percent or 95.56 points lower, at 11,846.16, its lowest close since May 4. Volume increased to 48.6 million shares, compared with 46.11 million shares on Tuesday. "Security concerns are at the top of the list for investors at this stage," said Ashraf Zakaria, a dealer in Rajabali Ali Hussain & Co. According to officials, and killed more than 300 people in Karachi in July alone - one of the deadliest in nearly 20 years - and at least 40 people this week.
Traders said the decline in global stocks also left foreign investors wary. In the currency market, the rupee recovered further from the center of a lack of payments for imports, but dealers expect the local unit to remain
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