Karachi stocks remain volatile

Karachi stock market witnessed mixed trend on Tuesday as the benchmark 100 index surged by 12 points. However, decrease in trade volume was recorded.The share market witnessed bullish trend at the start of the day amid expectations of decline in discount rate by SBP, however, cautious behavior of the investors caused the market to go up and down. The KSE-100 index closed at 9234, up 12 points with trade volume of 74.7 million shares. Bank Alfalah remained volume leader with 9.3 million shares and share price of Rs 14.35, up Rs 0.09.