Pakistan's KSE Board To Review Index Floor Level Wednesday



KARACHI -(Dow Jones)- The Karachi Stock Exchange's board will meet Wednesday to review the minimum floor level imposed on the benchmark KSE-100 index.

"The board of directors will meet tomorrow to discuss the situation following the freezing of the KSE-100 index at 9144 points," one of the directors of the Karachi Stock Exchange, who asked not to be named, said Tuesday.

The benchmark KSE-100 index has fallen over 40% from its all-time high of 15, 676 on April 18. Following the continuous decline in the market, the Karachi Stock Exchange set a minimum floor level for the index at 9144 last Wednesday.

"Since the cap, the market has gained 1%, but the turnover has registered substantial decline," he said.

-By Haris Zamir, Contributing to Dow Jones Newswires; 91-11-43563300; chandrasekhar.jayachandran@dowjones.com


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09-02-080601ET
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