LSE index down 34.75 points.

(From Business Recorder)

Byline: RECORDER REPORT

Despite positive news pertaining to suspension of badla phase-out, the share market failed to take an upward turn and moved both ways, while last-minute heavy selling pressure dragged the index in minus column.

The LSE-25 index was down 34.75 points or 0.9 percent to finish at 3793.58 points compared with 3828.33 points of the previous closing. Volume, however, showed some improvement and was registered at 37.046 million shares as against 32.787 million shares, showing an increase of 4.258 million shares.

Initially, the market performed well and a good buying activity took place following …