KSE index loses 79.32 points
Thursday, 13 May 2010
KARACHI, May 12 (Business Recorder): Karachi stock market Tuesday posted bearish trend due to heavy selling pressure by local as well as foreign investors. As a result, the KSE-100 index lost 79.32 points to close at 10,208.82 point from 10,288.14 points. However, trading volume at the ready counter increased to 111.098 million shares as compared to 72.35 million shares traded Monday.
The futures market turnover also presented some improvement as 2.9 million shares were traded against 2.15 million shares previously. Market capitalisation declined by Rs 22.841 billion to Rs 2.885 trillion from Rs 2.908 trillion.
Trading took place in 422 shares, out of which 248 shares closed in the negative, 156 in the positive, and value of 18 shares remained unchanged. Banking and cement sectors were the leading sectors.
The futures market turnover also presented some improvement as 2.9 million shares were traded against 2.15 million shares previously. Market capitalisation declined by Rs 22.841 billion to Rs 2.885 trillion from Rs 2.908 trillion.
Trading took place in 422 shares, out of which 248 shares closed in the negative, 156 in the positive, and value of 18 shares remained unchanged. Banking and cement sectors were the leading sectors.