Printer Friendly

Fresh buying improve values at KSE.

KARACHI, May 15, 2009 (Balochistan Times) -- Selling pressure eased on some buying in leading scrips at Karachi Stock Exchange (KSE) Friday as 100-Index surged by 35.22 points to close at 7,177.64, dealers said. The turnover volume was low at 121.315 million shares as prices of 110 sustained losses while 159 recorded gains and 23 remained unchanged. A dealer at a leading brokerage house said that the market was volatile in the first session as Index dipped on selling pressure but went up on buying to cross 7200 level till the close of the session. In the second session, the market seen profit taking which eroded values. However, the market closed in the positive zone, he added. The market capitalization was improved by about Rs 10.284 billion to Rs 2.137 trillion. Bank Al-Falah was the volume leader with a turnover of 11.629 million shares followed by D G Khan Cement 11.392 million shares, Jahangir Siddiqui Co 8.477 million shares, Bosicor Pakistan 7.774 million shares and Bank of Punjab 6.560 million shares. Pakistan Oilfields closed at 153.94, NBP 73.98, Bank Al-Falah 12.37, Jahangir Siddiqui Co 26.03, Bank of Punjab 13.39, D G Khan Cement 23.78, MCB Bank 172.76 and Bosicor Pakistan 8.09. Wyeth Pak recorded the highest gain of Rs 50 to close at 1350 followed by Siemens Pak which moved up by Rs 45.50 to 994 while Attock Petroleum dipped by Rs 6.72 to 294.32 and GlaxoSmithKline Pak went down by Rs 6.53 to 127.

COPYRIGHT 2009 Asia Pulse Pty Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:May 15, 2009
Previous Article:Leading energy companies from 28 countries to participate at POGEE Exhibition 2009.
Next Article:FPCCI concerned on NEPRAs raise in tariff.

Related Articles
Buying improves value at KSE.
Index stays at 7700 level on buying.
Index stays above 7800 level on buying.
Buying continues at KSE.
Global :Huge decline in trading activity in KSE during July.
100-Index crosses 8100 level on hectic buying.
KSE witnesses $10 mln foreign portfolio investment.
Index crosses 8300 level on fresh buying.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |