Wednesday June 24, 2009
KARACHI: Karachi Stock Exchange witnessed narrowed trading activities today, as the KSE benchmark index could not cross 7100-point level.
The trading began in positive zone and on one occasion, the index was seen touching 7085 points level; but, the selling pressure in energy stocks turned the positive zone into negative, leading the KSE-100 index to close at 7023 down 34 points.
Today, the trading volume was 80 million shares with the most activity in recorded in shares of DG Khan Cement, which closed at Rs29.26 up 63 paisas.
The large funds and investors preferred selling shares as the closing on June 30 nears. Also, KSE-30 index closed at 7466 down 12 points.
The analysts said the market may experience short recovery in the upcoming days.
(Aaj Tv)
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