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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.

(THROUGH ASIA PULSE)
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:May 15, 2009
Words:270
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