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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