Cautious buying contributes 58 points to KSE
KARACHI: Cautious buying at Karachi Stock Exchange contributed 58 points to the benchmark KSE-100 Index which ended the day at 14,287.
After a shaky start, stocks managed to close on a positive note with fresh buying.
Quiet accumulation saw the benchmark index gain 58 points to close at 14,287.
The day's trade started negative , as investors opted to off-load their positions and book profits.
The benchmark index hit it's intraday low of 14,019, in early trade.
Market analysts say the uncertain future of the coalition government continues to hurt sentiment at the exchange.
Cheap valuations close to the psychological level allowed investors to accumulate blue chip energy and banking scrips, helping the index regain losses.
Trade volumes for the day stood just under 146 million shares. Of 325 active scrips; 144 gained while 157 declined and 24 remained unchanged.
KSE-30 Index advanced by 141 points to 16,909.
Business News.
Cautious buying contributes 58 points to KSE
KARACHI: Cautious buying at Karachi Stock Exchange contributed 58 points to the benchmark KSE-100 Index which ended the day at 14,287.
After a shaky start, stocks managed to close on a positive note with fresh buying.
Quiet accumulation saw the benchmark index gain 58 points to close at 14,287.
The day's trade started negative , as investors opted to off-load their positions and book profits.
The benchmark index hit it's intraday low of 14,019, in early trade.
Market analysts say the uncertain future of the coalition government continues to hurt sentiment at the exchange.
Cheap valuations close to the psychological level allowed investors to accumulate blue chip energy and banking scrips, helping the index regain losses.
Trade volumes for the day stood just under 146 million shares. Of 325 active scrips; 144 gained while 157 declined and 24 remained unchanged.
KSE-30 Index advanced by 141 points to 16,909.
