KSE index closes flat
Tuesday, 18 May 2010
KARACHI, May 17 (Business Recorder): Selling by local participants created negativity at the local bourse. However, foreign investors' buying supported the market to recover its losses during the week ended on May 14, 2010.
The KSE-100 index closed almost at previous week's level at 10,271.71 points, with a fractional gain of 0.24 points.
Trading remained very low and the average daily volume at ready counter declined to 94 million shares as compared to previous week's average of 129 million shares. Market capitalisation declined by Rs 7 billion to Rs 2.898 trillion.
Foreign investors' interest continued at the local equity market with a net foreign inflow of $6.6 million during the week. On Monday, the market opened on a slightly positive note and the index gained 16.67 points to close at 10,288.14 points level with the volume of 71.35 million shares.
On Tuesday, the market witnessed selling pressure mainly by local participants and the index lost 79.32 points to close at 10,208.82 points level with 111.98 million shares. On Wednesday, the index recovered 13.22 points to close at 10,222.04 points level with 139.477 million shares.
The KSE-100 index closed almost at previous week's level at 10,271.71 points, with a fractional gain of 0.24 points.
Trading remained very low and the average daily volume at ready counter declined to 94 million shares as compared to previous week's average of 129 million shares. Market capitalisation declined by Rs 7 billion to Rs 2.898 trillion.
Foreign investors' interest continued at the local equity market with a net foreign inflow of $6.6 million during the week. On Monday, the market opened on a slightly positive note and the index gained 16.67 points to close at 10,288.14 points level with the volume of 71.35 million shares.
On Tuesday, the market witnessed selling pressure mainly by local participants and the index lost 79.32 points to close at 10,208.82 points level with 111.98 million shares. On Wednesday, the index recovered 13.22 points to close at 10,222.04 points level with 139.477 million shares.