LAHORE - The Karachi Stock Exchange shed 209 points to close at 9455.15 points last week compared with 9,664 points of the previous week; failing to maintain the psychological barrier of 9,500. The turnover was 312.805 million shares compared with 180.958 million shares of the previous week; reflecting an upward rend of 131.847 million shares. On the other hand, the junior KSE 30-index gained meagre 60.8 points during the week and closed at 10,170.68 points compared with 10,435.29 of the previous week. Post Eid intense selling pressure phenomenon put the local bourse to start the week in red digits while SBP move to keep discount rate unchanged in its monetary policy resulted in panic offload by nervous investors. In fact, the stance of SBP authorities of not opting for regulatory changes to support the liquidity injection invited investors to get jittery, who were expecting the equity would surpass 10,000 mark on the back of positive news together with foreign investors were participating in KSE with zeal. The market witnessed sell-offs in oil and gas exploration and banking sectors that kept the benchmark under pressure. On the first day of the week, intense selling forced the bourse to fall below 9,500 psychological barrier as the market shed massive 254 points or 2.64 per cent and closed at 9,409 points. Meanwhile, the 30-index closed at 10,109.88 points, shedding 325.41 points. Trading activity dropped to 347.128 million shares. On Tuesday, bulls made a strong come back on anticipation of favourable monetary policy announcement and equity added 66 points to close at 9,475 points, while the KSE 30-index closed at 10,222.39 points with a gain of 112.51 points. Wednesday was unlucky day for KSE as SBP move to keep discount rate unchanged in monetary policy review resulted in heavy selling pressure and equity shed 126 points to close at 9,349 points, while the 30-index luckily maintained the 10,000 points barrier and closed at 10,031.85 points with a loss of 190.54 points. Even on Thursday, profit-taking continued at the local equity market as investors remained nervous amid multiple unfavourable developments over economic front, resultantly, the bourse shed 48 points to close at 9,301 points. Meanwhile, the KSE 30-index was unable to sustain the 10,000 points psychological level and closed at 9946.81 points with a loss of 85.04 points. On the last of the business week (Friday), bulls made a strong come back as the investors gained some confidence ahead of September quarter results, while the bourse added 154 points to close at 9,455 points. The 30-index once again got back the 10,000 points level and closed at 10,170.68 points, up by 223.87 points.