KSE-100 Index slides below 10,500 level
KARACHI: Correction at the local bourse continued on Thursday, taking away 64 points from the benchmark KSE-100 Index which closed at 10,454.
The Index started off green and witnessed the intra-day high of 10,579 points. But later off-loading in energy and banking sectors by the investors sucked away earlier gains.
The trade volume was weak and stood at 110 million shares.
PTCL emerged as today’s volume leader at Rs21.48, up by paisas 45.
Meanwhile, KSE-30 Index plunged by 81 points to finish the day at 10,557.
Karachi stocks 100 index lowered by 426 points
Karachi, Pakistan:- Karachi stock market witnessed acute bearish run on Monday as benchmark 100 index lowered by 426 points.
The business activities started in negative zone at the start of a new business week as the investors remained cautious and preferred selling amid deteriorating law and order situation in the country. The KSE-100 index closed at 9411 with trade volume of 211.6 million shares. Arif Habib Securities remained volume leader with 30 million shares.
Karachi stocks 100 index lowered by 426 points was first posted on October 19, 2009 at 11:08 pm.
KSE Slow In Bullish Trends
KARACHI: Karachi Stock Exchange (KSE) showed steady bullish trends this week, as local and foreign investors kept buying with benchmark 100-index poised at 9000-point level the entire week.
The market opened in positive zone this week and witnessed fluctuations the entire week with 100-index, at one point, seen touching 9150-point level.
However, viewing the promise in some sectors, the investors resorted to selling, which pushed the index off the balance, making it close at 9059 up 56 points.
The average trading volume shrank by 15 percent to 210 million scrips. The leading blue chips were OGDCL and National Bank.
The experts said outstanding bullish activity could be seen in the next week, as foreign investors augmented buying.
KSE Slow In Bullish Trends was first posted on September 14, 2009 at 2:13 pm.
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