KSE index slightly up
Sunday, 14 February 2010
KARACHI, Feb 13 (Business Recorder): The Karachi share market Friday opened on a positive note and the KSE-100 index hit 9,881.77 points intra-day high level, up 78.97 points, on the back of fresh buying, mainly in oil and banking sector stocks.
However, this momentum could not continue as the investors opted for profit taking and the index, after briefly visiting negative zone, closed at 9,805.87 points level, closed marginally up by 3.07 points.
Trading activity improved and the volume at ready counter increased to 221.787 million shares as compared to 156.840 million shares traded Thursday. However, trading was witnessed mainly in the low price stocks. Market capitalisation increased by Rs 3 billion to Rs 2.820 trillion.
Of 368 active scrips, 211 closed in positive and 139 in negative while the value of 18 scrips remained unchanged. Lafarge Pakistan was the volume leader with 25.838 million shares.
However, this momentum could not continue as the investors opted for profit taking and the index, after briefly visiting negative zone, closed at 9,805.87 points level, closed marginally up by 3.07 points.
Trading activity improved and the volume at ready counter increased to 221.787 million shares as compared to 156.840 million shares traded Thursday. However, trading was witnessed mainly in the low price stocks. Market capitalisation increased by Rs 3 billion to Rs 2.820 trillion.
Of 368 active scrips, 211 closed in positive and 139 in negative while the value of 18 scrips remained unchanged. Lafarge Pakistan was the volume leader with 25.838 million shares.