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
(THROUGH ASIA PULSE)